SWIFT to help Bangladesh central bank rebuild after heist.

M2 EQUITYBITES-February 4, 2019--SWIFT to help Bangladesh central bank rebuild after heist

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Global Banking News - 04 February 2019

Payments network, SWIFT has said that it is now working with the Bangladesh central bank to help the nation to rebuild after the heist in 2016.

The bank lost about USD81m to hackers in 2016 and is now rebuilding its facilities. SWIFT announced the move after the New York Federal Reserve agreed to provide 'technical assistance' to Bangladesh Bank in its lawsuit against Manila-based Rizal Commercial Banking Corp (RCB.PS) (RCBC), through which the...

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