The allocation for state banks' recapitalisation is set to be slashed by more than half in the forthcoming budget -- the strongest indication yet of the government's intent to crack down on the lenders' errant ways.

A government-formed committee which investigated the US$101 million heist from Bangladesh central bank’s account with Federal Reserve Bank of New York submits its full report to the finance minister. It has found SWIFT and others responsible for the heist.

The SWIFT secure messaging service that underpins international banking says it is planning to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist.

More than three months have passed since $81 million was stolen in a brazen cyber-heist from Bangladesh's central bank and sent to Manila - yet authorities in the Philippines appear no closer to nabbing those who laundered most of the money through a bank and casinos.

Sonali Bank, which has the largest network of branches in Bangladesh, is yet to adopt the core banking solution fully despite repeated pressure from the central bank and the government to do so to deliver better services to its customers.

Shortly after 7pm on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San

Bangladesh’s financial institutions largely choose foreign IT companies while buying business solutions, a practice that is affecting the

Bangladesh Bank Governor Fazle Kabir yesterday cautioned four state-owned commercial banks and instructed them to grant loans

British banking giant HSBC is set to shutter six of its 13 branches in Bangladesh as part of its global strategy to cut costs.

Banks are providing industrial loans at a maximum cost of 6.5 percent -- which is almost half the going interest rates -- from a fund provided by the World Bank, a development that will put a smile on the faces of businesses.

Abdus Sobhan Khan and Shah Syed Abdul Bari have been promoted to the post of deputy managing director of National Bank, according to

The parliamentary standing committee on the finance ministry has called for global pressure on Manila-based Rizal Bank to retrieve the

Vietnam's Tien Phong Bank said on Sunday it had thwarted a cyber fraud attempt late last year, and a third-party service it used to

Mohammed Rabiul Hossain has been promoted as the managing director and chief executive officer of Uttara Bank.

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.

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.

The night began with the audience swaying to the tunes of legendary singer Ayub Bachchu, who mesmerised guests with his acumen on the guitar.

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.

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.

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.