SWIFT warns banks on cyber heists as hack sophistication grows

SWIFT, the global messaging system used to move trillions of dollars each day, warns banks that the threat of digital heists is on the rise as hackers use increasingly sophisticated tools and techniques to launch new attacks.
29 November 2017

11 banks served show-cause notices for selling dollar at higher rates

Bangladesh Bank yesterday issued show-cause notices to 11 banks for trading US dollars at prices higher than the inter-bank declared
28 November 2017

Muhith defends licence for three new banks

Finance Minister AMA Muhith has defended setting up more new banks in the private sector even though the newly opened lenders are
27 November 2017

Farmers Bank Chairman MK Alamgir resigns from board of directors

Muhiuddin Khan Alamgir, chairman and Md Mahabubul Haque Chisty, chairman of the audit committee, are forced to resign from the trouble-hit Farmers Bank's board of directors.
27 November 2017

Bangladesh Bank wants removal of Farmers Bank MD

Bangladesh Bank has sent a letter to Farmers Bank to remove its Managing Director AKM Shamim.
27 November 2017

Dollar continues to get dearer

The US dollar appreciated heavily against the taka over the last seven days despite the injection of $102 million into the market by the
26 November 2017

Amendment mistimed: analysts

The proposed amendment to the banking company act will shrink the size of the board at a time when banks need bigger boards with
26 November 2017

Farmers Bank hires Sonali Bank ex-CEO to overcome crisis

The Farmers Bank has appointed former Sonali Bank managing director Pradip Kumar Dutta as consultant to help the trouble-hit lender
25 November 2017

StanChart opens lounge at Dhaka airport

Standard Chartered Bank yesterday inaugurated a dedicated lounge at the Hazrat Shahjalal International Airport for its clients with the
25 November 2017

3G internet finally gets momentum

Internet usage by way of the faster third generation mobile telephony technology data has finally got the traction befitting of the
25 November 2017

Robi counts Tk 46.9cr losses in Q3

Robi reported a net loss of Tk 46.9 crore in the July-September quarter mainly because of its continued investment aimed at
23 November 2017

BB frets about rising NPL in 3 new banks

Ballooning nonperforming loans (NPL) in three new banks -- The Farmers, NRB Commercial and Meghna -- have become a matter of
22 November 2017

JS body backs changes

The parliamentary standing committee on the finance ministry yesterday recommended passing the Banking Companies (Amendment)
21 November 2017

Ailing Farmers Bank gets Tk 96cr from BB

Cash-strapped Farmers Bank yesterday got a shot in the arm after the Bangladesh Bank agreed to provide short-term loan amounting
21 November 2017

Managing the banking sector fault lines

Reforms over the past two decades or so have greatly improved the quantity and quality of banking services in Bangladesh.
20 November 2017

Banks urge BB to give multiple payment switches

Banks yesterday urged the central bank to allow them to route their card transactions through multiple switches instead of a single
20 November 2017

BB gives Lafarge 90 days to remit Tk 504cr

Bangladesh Bank has kept the valuation of Holcim shares unchanged at Tk 57,202 -- 47 percent lower than the price proposed by
20 November 2017

AB Bank shares suddenly in demand despite losses in Q3

AB Bank's shares were suddenly in demand yesterday although the private commercial lender incurred losses in the third quarter.
20 November 2017

Banks wary of running all card transactions thru' BB payment switch

Banks and MasterCard have urged the central bank to review its directive to route all card transactions from the new year through the
19 November 2017

Women in innovation: There is still room for progress…

At the end of August 2017, an article in the French economics and business magazine Capital hit like a bombshell. This special edition, dedicated to French start-ups, didn’t go unnoticed. Not a single female was among the line-up of highly promising entrepreneurs; those with the potential to make it among the heavyweights at international level. Social media had a field day with the story, creating a buzz that was spurred on by feminist associations, amongst a chorus of angry jeers.
19 November 2017