A US congressional committee launches a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters.

Philippine central bank says it revoked the license of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank.

Rupali Bank realised Tk 145 crore in first five months of this year against its classified loan which is 72 percent of the bank's target for the whole year set by the finance ministry.

Mobile operator Robi's net profit dropped 57.17 percent year-on-year to Tk 39.7 crore in the January-March period, the lowest in 11 quarters, as a result of sharp competition and a slowdown for biometric SIM registration.

Several lakh Airtel mobile subscribers are facing disruption in their network due to technical glitches at around 1,000 stations of the telecom company in Dhaka and six other districts in the country.

Subscribers using biometrically unregistered SIM cards will have their outgoing calls blocked after today, while incoming calls are likely to stay active for “a few hours”, according to a top official of a telecom operator.

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.

Tarana Halim, state minister for post and telecommunication, says 3.30 crore SIMs (subscriber identity module) are yet to be re-registered although the deadline expires Tuesday.

The recent mobile money theft in Chittagong would not have been possible unless some bKash officials had been involved, the telecom regulator alleged yesterday.

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.

The cyclone Roanu that hit Bangladesh on Saturday disrupted telecom services in the coastal areas, particularly cellular services, as many of the transmission centres of mobile operators were down due to a power crisis.

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.

Subscribers will soon be able to keep their existing number even after they switch from one operator to another as the prime minister’s office has approved a guideline for mobile phone number portability.