Put pressure on Rizal Bank to return stolen funds

The parliamentary standing committee on the finance ministry has called for global pressure on Manila-based Rizal Bank to retrieve the
15 May 2016, 18:00 PM

New MD for Uttara Bank

Mohammed Rabiul Hossain has been promoted as the managing director and chief executive officer of Uttara Bank.
9 May 2016, 18:00 PM

Before BB heist, Fed feared cyber attacks

In the years before hackers stole $81 million from a Bangladesh central bank account at the Federal Reserve Bank of New York, senior Fed security officials examined the risk of such an attack -- but judged the prospect unlikely, bank sources told Reuters.
7 May 2016, 18:00 PM

BB heist: Slim chance to get back more money, says Muhith

Finance Minister AMA Muhith says there is hardly any chance to get back more money from the US$100 million hacked from the Bangladesh Bank's account with the Federal Reserve Bank of New York.
6 May 2016, 05:11 AM

A GLITTERING NIGHT

The night began with the audience swaying to the tunes of legendary singer Ayub Bachchu, who mesmerised guests with his acumen on the guitar.
4 May 2016, 18:00 PM

Efforts on for innovation

A dynamic organisation always seeks to explore innovative approaches, and United Commercial Bank, being a leading private commercial bank, also frequently pursues diversified and futuristic initiatives towards excellence, the bank’s managing director, Muhammed Ali, said.
4 May 2016, 18:00 PM

UCB brings 'imperial' product

United Commercial Bank, a leading private commercial bank in Bangladesh, will work relentlessly to make banking easier for customers, Chairman of the lender MA Sabur said.
4 May 2016, 18:00 PM

Cyber threat and security

Cyber security is the ability to protect or defend the use of cyberspace from cyber-attacks, according to the National Institute of Standards and Technology, USA.
2 May 2016, 18:00 PM

Two held in BASIC Bank scam case

The Anti Corruption Commission (ACC) with the help of police arrested two businessmen, in a case of misappropriating Tk 70 crore of BASIC Bank, from their homes in Jamalpur early yesterday.
30 April 2016, 18:00 PM

Bangladesh Bank exposed to hackers by cheap switches, no firewall: cops

Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network, an investigator into one of the world's biggest cyber heists says.
21 April 2016, 18:16 PM

BB heist probe report will be made public: Muhith

The government will make public the probe report on the cyber heist of US$101 million from Bangladesh Bank’s account with New York’s Federal Reserve Bank.
21 April 2016, 08:17 AM

Bank Asia declares 20pc dividends

Bank Asia declared 20 percent dividends—5 percent bonus share and 15 percent cash dividend—for 2015 at the bank's 17th annual general meeting at Dhaka Ladies Club yesterday.
18 April 2016, 18:00 PM

Taskforce formed to retrieve BB's stolen funds

The government yesterday formed a seven-member taskforce headed by the banking secretary to bring back the $81 million funds stolen from Bangladesh Bank's account with the New York Federal Reserve.
13 April 2016, 18:00 PM

Dhaka bank sent 3 urgent messages

Three messages sent by the Bangladeshi central bank to the Rizal Commercial Banking Corp. (RCBC) on the morning of February 9, alerting the Yuchengco-controlled financial institution to the dubious provenance of the $81 million that was later revealed to be the largest money laundering caper in Philippine history.
13 April 2016, 05:33 AM

HC issues rule for recovering stolen BB money

The High Court issues a rule asking the government to explain in four weeks as to why it should not be directed to take necessary steps to recover the money stolen from Bangladesh Bank.
12 April 2016, 07:16 AM

HSBC appoints deputy CEO for Bangladesh

Md Mahbub-ur Rahman has been appointed as deputy chief executive officer and country head of commercial banking for HSBC Bangladesh, effective today, the bank said in a statement.
9 April 2016, 18:00 PM

BB board meets for the first time under new governor

The Bangladesh Bank board yesterday met for the first time since Fazle Kabir took over as its governor three weeks ago.
6 April 2016, 18:00 PM

BB hackers ‘possibly Chinese,’ says Philippines senator

Chinese hackers are possibly behind one of the world's biggest cyber heists, the theft of $81 million from the Bangladesh central bank, a senator in the Philippines says.
6 April 2016, 05:53 AM

ACC arrests official of BASIC Bank over loan scam

The Anti-Corruption Commission yesterday arrested Zainul Abedin Choudhury, a general manager of BASIC Bank, for his alleged involvement in a loan scam.
5 April 2016, 18:00 PM

One Bank re-elects chairman

Sayeed H Chowdhury has been re-elected as the chairman of One Bank for another year.
5 April 2016, 18:00 PM