Category Archives: BANKING

bank hackers

Cyber-security experts judge ‘$1b bank hack’ claim

A leading security company says it has uncovered an “unprecedented” cyber-attack on up to 100 banks, which could result in $1bn (£648m) of losses. But security experts are split over…

HSBC

FCA joins HSBC tax-dodging inquiry

The Financial Conduct Authority (FCA) says it is looking into the HSBC bank over its Swiss tax-dodging scandal. The move comes in the light of last week’s allegations that the…

hsbc

Scandal-hit HSBC issues public apology for tax dodge scandal

HSBC, Britain’s largest bank, issued a public apology Sunday, describing the media firestorm that followed allegations it helped rich clients dodge taxes as painful and insisting it has changed the…

Bank malware

Bank hackers steal millions using malware

In late 2013, an A.T.M. in Kiev started dispensing cash at seemingly random times of day. No one had put in a card or touched a button. Cameras showed that…

Basic bank

BASIC Bank still suffers from scam after-effects

Despite various efforts, including wholesale management changes and rescheduling, default loans at scam-hit BASIC Bank rose in every quarter of 2014. “The bank is still suffering from the after-effects of…

BB fund for green textiles

BB to create $500m green fund for textile

The central bank will set aside $500 million of low-cost funds for textile factories to help them adopt eco-friendly technologies and practices, Governor Atiur Rahman said yesterday. The money will…

hsbc

HSBC denies involvement in money laundering

HSBC, a London-based multinational bank, has outright denied its alleged involvement in helping any clients to siphon off money from Bangladesh through the bank to evade tax. The bank official…

HSBC whistleblower

HSBC whistleblower’s email surfaces

An email which Herve Falciani, the whistleblower at the centre of the HSBC tax row, says that he sent to HM Revenue and Customs in 2008 has been uncovered by…

HSBC

HSBC banker-priest in eye of SwissLeaks storm

The man at the centre of the SwissLeaks tax scandal in Britain is a soft-spoken Church of England clergyman who turned HSBC into Europe’s biggest bank, and was once seen…

HSBC

Regulator to inspect HSBC’s local office

The central bank plans to inspect HSBC’s local office after the publication of reports linked to 34 client accounts of Bangladeshis in the banking giant’s tax leaks. Inspectors will check…