Bangladesh Bank

Exit of a good man

The former Bangladesh Bank (BB) governor must be lauded for taking the moral responsibility for the bank's financial mishap that led to a US$101 million heist from BB account at the New York Fed.
16 March 2016, 18:00 PM

The (not so) dignified exit of a dignified man

Without detracting from the undeniable fact that as the governor of the BB, the buck stopped with him, it may be fairly said that the 'graceful' exit of Professor Rahman has probably raised more questions than it has resolved.
16 March 2016, 18:00 PM

Confusion, panic order of the day

Confusion and panic was the order of the day at the Bangladesh Bank yesterday, a day after its governor Atiur Rahman stepped down and two deputy governors were removed hastily amid strong criticism over the central bank's handling of the $101 million cyber theft.
16 March 2016, 18:00 PM

Heist case: Court asks cops to submit report on April 19

A Dhaka court asks police to submit a report on April 19 in a case filed over USD$101 million heist from Bangladesh Bank account with Federal Reserve Bank of New York.
16 March 2016, 16:21 PM

BB requires reform: Muhith

Finance Minister AMA Muhith expresses his dissatisfaction on the overall condition of the Bangladesh Bank and says that reform in the bank is needed.
16 March 2016, 11:08 AM

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

Philippine bank let fund withdrawal despite NY bank stop order

The Rizal Commercial Banking Corp. allows the withdrawal of the bulk of the funds suspected to have been stolen by computer hackers from the Bangladeshi central bank despite having received an order from its counterpart banks abroad to stop the payment.
15 March 2016, 14:11 PM

Govt should quit over BB reserve heist: BNP

BNP demands Prime Minister Sheikh Hasina and her government's resignation over the recent heist from Bangladesh Bank account with Federal Reserve Bank of New York.
15 March 2016, 13:55 PM

Atiur’s resignation a rare instance of moral strength: PM

Prime Minister Sheikh Hasina terms resignation of Bangladesh Bank governor as a rare instance of moral strength and courage, according to the PM’s press secretary.
15 March 2016, 11:54 AM

BB sues unidentified persons for reserve heist

Bangladesh Bank files a case against unidentified persons under money laundering prevention act for the recent heist of US$101 million from BB account with Federal Reserve Bank of New York.
15 March 2016, 10:48 AM

Quitting out of moral responsibility, Atiur says after resigning as Bangladesh Bank governor

Atiur Rahman, who resigned as Bangladesh Bank governor this morning, says he opted to quit out of moral responsibility over the heist of US$101 million from the central bank’s account with the New York Federal Reserve Bank.
15 March 2016, 09:40 AM

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

$101m heist: Atiur quits as governor of Bangladesh Bank

Bangladesh Bank Governor Atiur Rahman submits resignation letter to the PM amid criticism over the heist of US$101m from the central bank’s account with Federal Reserve Bank of New York by hackers last month.
15 March 2016, 04:02 AM

Atiur faces heat

Bangladesh Bank Governor Atiur Rahman yesterday faced criticism from government high-ups and a number of ruling party leaders for “incompetent handling” of the cyber theft. Finance Minister AMA Muhith was furious, and hinted that the top management of the BB may see changes as the fallout of the theft of $101 million from the BB account with the New York Federal Reserve Bank.
14 March 2016, 18:00 PM

Need for better systems and protocols

The news that foreign hackers attempted to off $101 million from Bangladesh Bank's account with the Federal Reserve Bank of New York need not be viewed as a catastrophic failure...
13 March 2016, 18:10 PM

Forensic team examining BB computers

A forensic team is examining all computers of the Bangladesh Bank to determine how a malware hacked into the payment system of the central bank and stole $101 million.
13 March 2016, 18:00 PM

Muhith fumes at central bank

Finance Minister AMA Muhith yesterday said he would take action against Bangladesh Bank for keeping him in the dark for more than a month about the theft of $101 million from the BB account with the New York Federal Reserve Bank. The central bank came to know about the incident two days after cyber thieves stole the money from the BB account on February 4 midnight when all the BB staff went on the two-day weekly holiday, according to BB officials.
13 March 2016, 18:00 PM

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