UBL surrenders its New York Branch License to NYSD: PSX

News Image

MG News | January 29, 2019 at 11:09 AM GMT+05:00

0:00

January 29, 2019 (MLN): United Bank Limited (UBL) in a notification to PSX has announced that it has surrendered its New York branch license to the New York State Department of Financial Services (NYDFS) on January 28, 2019.

The announcement follows the banks earlier disclosure regarding the voluntary liquidation by United Bank Limited (UBL) of its New York branch (NY Branch).

UBL’s NY Branch is thus closed as of 28 January 2019.

Moreover, in the notification the Bank deeply appreciated the assistance provided by the State Bank of Pakistan, the NYDFS, and the Federal Reserve Bank of New York during the voluntary liquidation process and during the time that the NY Branch was in business.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,170.00 119,275.00
117,905.00
1550.00
1.32%
BRENT CRUDE 72.57 72.82
72.54
-0.67
-0.91%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.19 70.41
70.16
0.19
0.27%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg