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Category Archives: Banking News

SE Bank to facilitate EMI for Keeway

businessnews24bd.com The importer & sole distributor of Keeway motorcycle in Bangladesh, SPEEDOZ Ltd has signed an agreement with South East Bank Limited. According to this agreement, any Keeway motorcycle can be purchased at up to 36 months EMI facility using SEBL credit cards. On the agreement signing ceremony among the authorities the present guests wereMd. AbdusSabur Khan, Senior Vice President; ... Read More »

CID fails to submit probe report over BB heist in eight months

    Eight months into the cyber heist when the court has extended the deadline for record eight times, yet the Criminal Investigation Department (CID) of Police has failed to submit its probe report on sensational Bangladesh Bank heist, reports bdnews24.com “The CID has failed again to come up with a probe report,” said a court official on Sunday. Dhaka ... Read More »

Turkish bank targeted by hackers, faces up to $4m liability

BBC Online Hackers targeted Turkish lender Akbank in a cyber attack on the SWIFT global money transfer system, the bank said, adding it faced a liability of up to $4 million from the incident but no customer information was compromised.  It was not immediately clear how much, if any, money had been stolen. The bank did not immediately respond to ... Read More »

CID finds 23 foreign nationals’ involvement in BB heist

businessnews24bd.com The Criminal Investigation Department (CID) of police on Saturday claimed that they have found the involvement of 23 foreigners in the $ 101-million cyber heist from Bangladesh Bank’s account with the US Federal Reserve Bank.  “We’ve identified 23 foreigners who collected $101 million from the Philippines casino in the name of gambling and handed those over to the mastermind,” ... Read More »

Law minister ‘for sharing’ BB heist findings with Philippines

  Bangladesh’s finance minister has made clear his stance against sharing an ‘internal’ reserve heist report with the Philippines, but the law minister is reportedly willing to share it to expedite the return of stolen money. “It is part of cooperation. We will give them an update of our investigation,” Law Minister Anisul Huq told Reuters. The central bank’s probe ... Read More »

Recruitment of ‘ethical hackers’ proposed to ensure cyber security at banks

In the wake of several incidents relating to technological failure in the banking sector, including that of the cyber theft of Bangladesh Bank funds, it has been proposed that ‘ethical hackers’ be recruited to safeguard the sector from similar security breach, reports bdnews24.com Bangladesh Institute of Bank Management (BIBM) Director General Toufic Ahmad Choudhury floated the idea at the two-day ... Read More »

Manila urges Dhaka to share results of BB heist probe

businessnews24bd.com The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world’s largest cyber bank heists, to help speed up recovery of the stolen funds.  Finance Secretary Carlos Dominguez, who last week met with a Bangladesh delegation, said Manila “strongly recommended” Dhaka share the results of its investigation. He ... Read More »

RCBC case clear: Inquirer

           businessnews24bd.com A Filipino newspaper on Saturday described as “desperate attempt” the Bangladesh’s move to send a high-level team to Manila seeking president Duterte’s intervention in bringing back the money stolen from Bangladesh Bank foreign reserve. In its editorial, the Daily Inquirer, however, blamed a local bank for abetting in the transfer of the Bangladesh Bank’s ... Read More »

Scheduled banks to get 23 holidays in 2017 : BB

  businessnews24bd.com Bangladesh Bank has announced that there will be 23 days of holiday for the scheduled banks in 2017. However, 10 of the holidays fall in the weekends – Friday and Saturday In a circular issued on Thursday the central bank allocated three days each for Eid-ul-Fitr and Eid-ul-Azha, depending on moon sighting. In 2017, six bank holidays fall ... Read More »

RCBC must pay fine: Law Minister

businessnews24bd.com Law Minister Anisul Huq said the Rizal Commercial Banking Corp (RCBC) of Philippines must repatriate the money stolen from Bangladesh Bank`s account at the New York Federal Reserve Bank. He said, “It is unethical to refuse returning the money stolen from Bangladesh Bank`s account of the New York Federal Reserve Bank as they earlier claimed responsibility over the incident.” ... Read More »

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