2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Industrial & Commercial Bank of China
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Mitsubishi UFJ Financial Group
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Bank of America (BOA)
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Pakistan’s Habib Bank
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Detailed explanation-1: -HBL has reached a settlement with the New York State Department of Financial Services through a Consent Order under New York Banking Law. The charges mentioned in the Notice of Hearing issued earlier are being dismissed as part of this resolution. Under this settlement, HBL is paying a penalty of US $225 million.
Detailed explanation-2: -The State Bank of Pakistan fined five banks 57.8 million rupees in total for regulatory breaches in the quarter ended Dec. 31, 2021. The central bank fined Bank AL Habib Ltd. about 13.7 million rupees, The Bank of Punjab about 12.5 million rupees, Standard Chartered Bank (Pakistan) Ltd.
Detailed explanation-3: -Welcome to HAB Bank Through our branch locations in New York, New Jersey, and California, we provide financial solutions to our customers with unique needs and requirements.