Nov 25

NBP makes progress in regulatory compliance for US operations

KARACHI: National Bank of Pakistan (NBP) has made significant progress in compliance with regulatory matters in USA operations. In its financial report for quarter ended September 30, 2019, the bank said that in 2016 its New York branch entered into a written agreement with the Federal Reserve Bank of New York and New York State […]

by Mrs. Anjum Shahnawaz

UBL completes winding up New York Branch

KARACHI: United Bank Limited (UBL) has completed winding up of its New York Branch following the agreement was terminated by Federal Reserve Bank of New York (FRBNY), a statement said on Friday. In a notices sent Pakistan Stock Exchange (PSX), the bank said that further to the disclosure made on January 29, 2019 regarding the […]

by Faisal Shahnawaz

UBL surrenders New York Branch license

KARACHI: United Bank Limited (UBL) officially communicated to the Pakistan Stock Exchange (PSX) on Tuesday that it has surrendered its New York branch license to the New York State Department of Financial Services (NYDFS) on January 28, 2019.

by Hamza Shahnawaz