HBL Nisa platform launched

KARACHI: Habib Bank Limited on Wednesday launched ‘HBL Nisa’ platform to facilitate women’s banking in Pakistan, said a press release.

The bank hopes to cater to women unique needs and aspirations, and become their preferred banking destination. The launching event featured talks by aviation adventurer Tracey Curtis and mountaineer Samina Baig.

Chinese Baidu plans to open online bank

SHANGHAI: China’s main search engine Baidu plans to launch an online bank with financial services group Citic, the two companies said on Wednesday, as the Internet firm seeks to compete with rivals moving into banking.

The Baixin Bank, a venture between Baidu and China Citic Bank, will be the country’s first lender formed by an Internet company and a traditional bank, Baidu said in a statement.­—AFP

Barclays to pay $150m more in forex probe

NEW YORK: Barclays Plc will pay an additional $150 million penalty to New York State’s financial regulator to resolve allegations it rigged foreign exchange markets, the New York Department of Financial Services (NYDFS) said on Wednesday.

The British bank is also terminating a global electronic trading head for foreign exchange-related misconduct, NYDFS said.

Published in Dawn, November 19th, 2015