BB
Nine banks were in BB ‘red zone’
Nine banks, including four state-run ones, were in the “red zone”, meaning their financial health was fragile,
Short-term trade finance cost in foreign currencies goes up
he Bangladesh Bank yesterday increased the all-in-cost ceiling for short-term trade finance in foreign currencies to 4 percent
Lending rate on bank loans goes past 12%
The interest rate on bank loans in Bangladesh has gone past 12 percent as the reference rate has seen an increase, central bank data showed
Banks barred from transferring forex to offshore branches
BB yesterday barred banks from transferring foreign currency to their offshore units
Why Bangladesh Bank's inflation control policy is falling short
One key factor hampering the effectiveness of BB's policies is the delay in decision-making and significant transmission lags.
Will BB’s lending rate-setting formula yield expected results?
The Bangladesh Bank has decided to implement a market-based interest rate from July, moving away from the 9 per cent interest rate cap on loans, an initiative that may help the central bank uses its policy rates effectively in its fight against higher inflation.
Reforms in the financial sector necessary to get rid of default loans
Why is the amount of default loans increasing day by day?
Will the government touch the ‘untouchables’?
The default-loan narrative has smeared our otherwise powerful story of graduation from the Least Developed Country (LDC) status.
Lax monitoring by BB to blame for bank scams
Had the Bangladesh Bank played the role of a guardian and properly inspected commercial banks, the scams would not have taken place in the banking sector, Anti-Corruption Commission Chairman Iqbal Mahmood said.
Graft leaves 2 pvt banks in dire straits
Only four years after their inception, two private commercial banks are at a risk of becoming insolvent due to rampant corruption, posing a potential threat of a spill-over impact on the entire banking system, according to a Bangladesh Bank report.
Farashuddin wants further probe
The government should carry out further investigation to find out whether the suspected Bangladesh Bank officials were really involved in the $101 million cyber heist, says Mohammed Farashuddin, head of the three-member body that probed the theft.
'SWIFT is responsible for Bangladesh Bank heist'
A government committee probing the Bangladesh Bank heist has held SWIFT responsible for weakening the payment system which allowed cyber thieves to steal $81 million from the central bank's account with the New York Fed.
Filipino willing to return $14.3m
Kim Wong, the Filipino casino operator dubbed the “missing link” in the cyber heist of $81 million in Bangladesh Bank reserves, said he is willing to return up to $14.3 million he received from two Chinese nationals linked to the stolen funds.
Conduct thorough probe
US Congresswoman Carolyn B Maloney has raised some serious questions about the New York Federal Reserve Bank's actions regarding the $101-million heist from the Bangladesh Bank account.
Hunt on for the heist bug
US cyber security firm FireEye, which is charging Bangladesh Bank $400 an hour to probe the $101 million heist, is hunting for a malware that it believes is still hiding in the bank's network.
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.
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.
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.
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.
