The need to empower Bangladesh Bank has been overdue

Bangladesh Bank deserves credit for forging the deal of signing the MoU between EXIM Bank and Padma Bank on March 18.

Bangladesh Bank has unearthed another string of scams at the Farmers Bank involving loans of around Tk 500 crore that were sanctioned to 11 companies in violation of banking norms and procedures. Of the amount, loans of more than Tk 367 crore that the bank's Motijheel branch gave to 10 of the companies from November 2013 to November last year have become defaulted. Some of the firms are either obscure or little-known.

The central bank yesterday instructed banks to lower their loan-deposit ratio to within 83.5 percent by June 30 in a move to reining in the banks' aggressive lending practices.

The hackers behind the $81 million heist from the Bangladesh central bank are likely involved in a series of attacks on the financial system, a US security firm concludes.

The SWIFT secure messaging service that underpins international banking says it is planning to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist.

Investigators probing the cyber heist of $81 million from the Bangladesh central bank yesterday connected it to the hack at Sony Corp's

SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warns on Thursday of a second malware attack similar to the one that led to February's $81 million cyberheist at the Bangladesh central bank.

Chinese hackers are possibly behind one of the world's biggest cyber heists, the theft of $81 million from the Bangladesh central bank, a senator in the Philippines says.

For Kim Wong, the Chinese casino owner in the Philippines entangled in one of the world's largest bank heists, there are two golden rules for dealing with wealthy punters: always demand to see their money, but never ask where it came from.