Cybercriminal Lazarus group hacked Bangladesh Bank Cybercriminal gang Lazarus group carried out the $81 million Bangladesh Bank cyber heist, not the other groups named since the February 2016 incident, according to a top researcher of cyber security firm Kaspersky Lab. Vitaly Kamluk, director of the Moscow-based company’s global research and
Read MoreBangladesh Bank appoints new chief economist Bangladesh Bank has recently appointed Faisal Ahmed as its chief economist. Ahmed has been serving as the senior economic adviser to the governor of Bangladesh Bank since August 2015. Previously, he was the IMF resident representative in Cambodia during 2011-2015, a senior economist in
Read More20 banks warned of existential crisis over soaring defaulted loans Bangladesh Bank has warned top bosses of 20 banks that the entities might face existential crisis unless effective measures are taken to recover their defaulted and written-off loans. BB deputy governor SK Sur Chowdhury came up with the caution while
Read MorePrime Bank writes off Bismillah Group loans Prime Bank has written off BDT 3.0 billoin embezzled by Bismillah Group in order to clean up its balance sheet. “We are not worried about Bismillah Group as the loan of the client was cleaned up from the balance sheet. In the meantime,
Read MoreLoss-making exchange houses of banks are being turned into agent banks Banks are working to turn their exchange houses into agent banks as their overseas operations have largely flopped. The central bank has so far allowed banks to open 67 exchange houses overseas to facilitate remittance sent to Bangladesh. Of
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