KARACHI: Pakistan’s largest private bank is facing a $629 million penalty in the United States over accusations of non-compliance with financial standards and practices at its New York branch.

HBL, formerly known as Habib Bank Limited, came under the radar of New York’s state Department of Financial Services (DFS) over the bank’s financial practices in December 2015.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details