US Federal Reserve Board terminates enforcement action against United Bank Limited

By MG News | May 23, 2019 at 10:55 PM GMT+05:00

0:00

May 23, 2019 (MLN): Federal Reserve Board on Thursday announced the termination of enforcement action against United Bank Limited, Karachi, Pakistan and United Bank Limited, New York Branch, entered on July 02, 2018, with the termination date being May 20, 2019.

On January 29, 2019, UBL had announced that it 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).

Copyright Mettis Link News

Related News

Weekly Market Roundup

TRG in Supreme Court

UDPL attributes filing delay to internal issues

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%