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

ADB to give Tk 13,115cr for Trans-Asia rail corridor

The Asian Development Bank will provide Tk 13,115 crore loan for implementing a rail route project which will connect Bangladesh to the east and west.
19 April 2016, 09:12 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

High-powered taskforce formed to recover BB money

The government forms a high-powered taskforce to recover the money hacked from the Bangladesh Bank's account with the US Federal Bank in New York.
13 April 2016, 16:00 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

Don't ask where money came from, says Manila casino boss in heist probe

For Kim Wong, the Chinese casino owner in the Philippines entangled in one of the world's largest bank heists, there are two golden rules for dealing with wealthy punters: always demand to see their money, but never ask where it came from.
2 April 2016, 05:45 AM

Sri Lankan in Bangladesh cyber heist says she was set up by friend

When Hagoda Gamage Shalika Perera, a small Sri Lankan businesswoman, got a deposit of $20 million in her account last month, she said the funds were expected but had no idea they were stolen from Bangladesh's central bank in one of the largest cyber heists in history.
1 April 2016, 10:16 AM

$34M of stolen BB fund can still be recovered: Philippines Senate chief

The government can recover 40 percent, or about $34 million, of the $81 million stolen by hackers from Bangladesh’s central bank and laundered through the Philippine banking system, the country’s Senate President Pro Tempore Ralph Recto says.
31 March 2016, 06:13 AM

Cheque bounce case: Toki’s father sent to jail

A Narayanganj court sends Rafiur Rabbi, father of slain teen Toki, to jail in connection with a cheque bounce case filed by a relative of Awami League lawmaker Shamim Osman.
29 March 2016, 13:29 PM

Fed goes defensive, now talks to BB via lawyer

The Federal Reserve Bank of New York is acting defensively, distancing itself from any of the blame over the heist of $101 million from the Bangladesh Bank's account with it by cyber thieves.
28 March 2016, 18:00 PM

BB’s ‘coordinated move’ to recover stolen money

Bangladesh Bank says it has launched a “coordinated move” to recover the $101 million that was lost in cyber heist from the central bank’s account with US’ Federal Reserve Bank.
27 March 2016, 10:55 AM