US regulator orders Pakistan's top bank to pay $225m, surrender licence

US regulator orders Pakistan's top bank to pay $225m, surrender licence

Traffic moves in front of a Habib Metropolitan Bank Ltd. branch in Karachi, Pakistan, on Friday, Nov. 30, 2012. Photographer: Asim Hafeez/Bloomberg

New York’s banking regulator ordered Habib Bank Ltd. to pay $225 million and surrender its license to operate in the state, effectively removing Pakistan’s largest lender from the U.S. financial system.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter