The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, says.

Agent banking is gaining popularity, particularly among Bangladeshis living abroad, because of its convenient and cost-effective

Mercantile Bank will set up a subsidiary company to run its mobile financial services (MFS) in an effort to become a top player in the

A Dhaka court sentences a former bank cashier to three years’ imprisonment in a case filed for misappropriating Tk 38.78 lakh.

Brussels based inter-bank messaging system SWIFT says it has cut off North Korean banks under UN sanctions, after Belgium says it would no longer give authorization for such transactions.

A Chinese bank in collaboration with Grameen China has opened six branches in the country's Henan province which will follow the

Sonali Bank has sought consent from the central bank to transfer Tk 171 crore to its operation in the UK that is suffering from cash

The Central government is considering more steps to curb cash transactions even as a few banks have already started imposing charges after limited transactions. The government is now considering imposing a cap on cash holding limit as suggested by the SIT.

Slowdown in exports and weak remittance growth are the new challenges for Bangladesh's economy, said Mitsuhiro Furusawa, deputy

The base for a group of people involved in a Chinese version of a bank transfer scam has been found in Japan. The National Police Agency informs the Chinese Public Security Ministry of the discovery during a regular consultation meeting, according to sources.

The Posts and Telecommunications Division has sought approval from the prime minister to open a postal bank in order to take basic

The interest rate on banks' deposit fell drastically, much to the central bank's concern.

Bangladesh Bank Governor Fazle Kabir has voiced concern over the remittance that declined significantly since last year and continued into 2017.

The World Bank yesterday approved a $300 million fund for Bangladesh to empower the local governments that would benefit more than 11.5 crore residents.

When Muhammed Ali took the reins of United Commercial Bank in late 2012 the lender's standing in the industry was not of note.

Bangladesh's exports to India have not been growing at expected levels despite duty benefits in place, due to different tariff and non-

Bangladesh Bank is likely to get back another $29 million of its stolen funds from the Philippines, Governor Fazle Kabir said yesterday.

Overall, the monetary policy statement is appropriate for the current state of the economy.

Stocks suffered a big jolt yesterday after the central bank expressed concern over the bullish momentum in its latest monetary policy

The cagey monetary policy of the first half of fiscal 2016-17 will continue in the second half of the year despite buoyancy in the