According to Moody's Investors Service, the five banks to be downgraded on deposit rating include Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL).
Islamabad [Pakistan], October 12 (ANI): Moody's Investors Service has downgraded the long-term deposit ratings to Caa1 from B3 of five Pakistani banks.
Islamabad [Pakistan], March 14 (ANI): Pakistan, which has been trying to elude accusations for keeping banking laws lax to help terrorist groups move funds, has suffered a major blow after two US banking regulators fined the National Bank of Pakistan over USD 50 million for not complying wit
Islamabad [Pakistan], September 23 (ANI): As many as six Pakistani banks have been identified for suspicious transactions for close to USD 2.5 million, in a probe that looks into the role that global banks play in money laundering.
Islamabad (Pakistan), Nov 6 (ANI): In an unprecedented revelation, the Chief of Pakistan's Federal Investigation Agency's (FIA) cybercrime revealed that customer data of almost all Pakistani Banks was stolen in a security breach on Tuesday.