Federal Reserve Board issues enforcement action with United Bank Limited and former employee of Hinsdale Bank & Trust and announces termination of enforcement action with United Bank Limited

The following press release was published by the Board of Governors of the Federal Reserve System on July 12, 2018. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: United Bank Limited, Karachi, Pakistan and United Bank Limited, New York Branch, New York, New York Written Agreement dated July 2, 2018.

Consent Order of Prohibition against Michelle A. Kennedy, a former employee of Hinsdale Bank & Trust, Hinsdale, Illinois, for engaging in improper accounting practices.

The Board also announced the termination of the enforcement action listed below: United Bank Limited, Karachi, Pakistan and United Bank Limited, New York Branch, New York, New York Written Agreement dated Oct. 28, 2013 (PDF) Terminated July 9, 2018.

Additional enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System