Janata Bank to sue its officer for swindling clients’ FDR money

Days after an official of Janata Bank was learnt to have swindled Tk 1.93 core from clients’ FDR accounts, the bank authorities assure its clients that they will not be affected.
22 March 2016, 11:45 AM

Ctg worker dies after falling from building

A worker died after falling from the third floor of a building in Halishahar area in the port city yesterday.
21 March 2016, 18:00 PM

Hyper preoccupation with economic gain taking toll

It is perhaps time to examine whether Dhaka is waning on other features of life while being too much preoccupied with mere economic vibrancy, said a noted British writer-architect yesterday.
20 March 2016, 18:00 PM

New BB governor Fazle Kabir joins office

The new governor of Bangladesh Bank Fazle Kabir starts his first day at work this noon, four days after he was appointed governor of the central bank by the government.
20 March 2016, 08:18 AM

Russian central bank, fearing inflation, keeps key rate high

Russia's central bank on Friday kept its key rate steady as inflation fears outweighed any temptation to use recent ruble strength as an
19 March 2016, 18:00 PM

State banks miss out on WB's low-cost funds

State banks plagued with bad loans are not eligible to disburse the World Bank's low-cost foreign currency long-term funds among
19 March 2016, 18:00 PM

Banking outlook bleak

State-owned commercial banks continue to be plagued by poor capitalisation, weak asset quality and substandard management quality
19 March 2016, 18:00 PM

Cyber heist: IGP dwells on int’l agencies’ help

Inspector General of Police AKM Shahidul Hoque has said if needed, help would be sought from the international agencies dealing with money laundering, for unveiling the clue to the $101 million cyber heist at Bangladesh Bank.
19 March 2016, 07:28 AM

Ex-bank official found dead in Gazipur

A retired Sonali Bank official is found dead at a hospital in Gazipur after family brought him there citing stroke early Saturday.
19 March 2016, 06:40 AM

CID-FBI meeting over BB heist deferred to Sunday

The meeting between police’s Criminal Investigation Department (CID) and US’ Federal Bureau of Investigation over the cyber heist of Bangladesh Bank’s account deferred to Sunday.
18 March 2016, 06:12 AM

Philippine senator sees 'very low' chance of recovery of $81m stolen from BB

There is a “very low” chance that the government will be able to retrieve the $81 million stolen from the Bangladesh central bank because the money is now likely outside the country, Philippine senator says.
17 March 2016, 06:48 AM

Banking secretary too was unaware of the fund heist

Finance Minister AMA Muhith yesterday said the banking secretary has been made an officer on special duty for being uninformed about the cyber heist at the Bangladesh Bank.
16 March 2016, 18:00 PM

Philippines bank manager 'confessed wrongdoing', says trader

A businessman of the Philippines implicated RCBC branch manager Maia Santos-Deguito in the alleged scheme to launder US$81 million, saying she confessed she had done something wrong by opening an account in his name and even apologised for it.
16 March 2016, 09:56 AM

BB files case over $101m cyber theft

The Bangladesh Bank yesterday filed a case in connection with last month's heist of $101 million from its account with the Fed.
15 March 2016, 18:00 PM

Atiur's legacy: mostly brilliant

Atiur Rahman, who resigned as the Bangladesh Bank governor yesterday over the mishandling of the heist episode, championed financial inclusion, digitalisation of banking system, and socially and environmentally responsible financing in his nearly seven-year tenure.
15 March 2016, 18:00 PM

Fazle Kabir to be made new BB governor: Muhith

The government decides to appoint former finance secretary and incumbent chairman of state-run Sonali Bank Fazle Kabir as new governor of Bangladesh Bank (BB), Finance Minister AMA Muhith says.
15 March 2016, 08:29 AM

Muhith cancels press confce after governor’s resignation

Finance Minister AMA Muhith has cancelled his press conference minutes after the Bangladesh Bank governor resigned over the recent heist of $101 million out of the bank’s account with New York’s Federal Reserve Bank.
15 March 2016, 05:24 AM

Banking secy was unaware of BB cyber heist

Finance ministry's secretary for banking division says he was unaware of the cyber heist, where a sum of $101 million was swindled out, throughout the last month.
13 March 2016, 10:32 AM

Action against Bangladesh Bank: Muhith

The finance ministry will take action against Bangladesh Bank for not informing the government formally about the bank’s $101 million cyber heist, Finance Minister AMA Muhith says.
13 March 2016, 08:51 AM

FireEye hired to help probe Bangladesh Bank heist: Sources

FireEye Inc's Mandiant forensics division is helping to investigate a cyber heist at Bangladesh's central bank last month that netted more than $80 million, people familiar with the matter tell Reuters.
11 March 2016, 07:21 AM