#Bangladesh

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Bangladesh Court Orders RCBC to Forfeit $81 Million

A court in Dhaka has ordered the Philippines' Rizal Commercial Banking Corporation to forfeit $81 million related to the 2016 Bangladesh Bank cyber heist.

By Julian Croft

#Bangladesh Bank Heist#RCBC#Financial Crime

Economy•6 days ago

Bangladesh Banking Crisis Deepens as Distressed Assets Hit 61%

Distressed assets in Bangladesh's banking sector have surged to Tk11 lakh crore, or 61% of total loans, up from 45% nine months ago, experts reveal.

By Anwar Hossain

#Bangladesh#Banking Crisis#Financial Regulation

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Bangladesh Court Orders RCBC to Forfeit $81 Million

Bangladesh Banking Crisis Deepens as Distressed Assets Hit 61%