Hong Kong shares of HSBC and Standard Chartered fell more than 2% each, as global banking stocks remained under intense pressure on reports about financial institutions allegedly moving illicit funds.
The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 45 paisas and closed at Rs. 196.18 against the last day’s trading of Rs. 196.63.
The reports were based on the leaked Suspicious Activity Reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).