In June 2012, UBL led a consortium which acquired a 67.4% stake in Khushhali Bank, which is the largest micro-finance institution in Pakistan.

[19][20] In 2017, the Securities and Exchange Commission of Pakistan (SECP) filed a criminal case against Khalid Iqbal, head of capital markets at United Bank Limited, and three of his accomplices for front running.

[21][22] The case involved two unusual purchases of Gharibwal Cement Limited shares by UBL, authorized by Iqbal.

[23] The court convicted all four individuals, concluding that they made illegal profits and caused financial losses to UBL.

[23] In November 2018, UBL announced that it was voluntarily shutting down its New York City branch due to it being commercially nonviable to operate.

[26] UBL announced on 12 September 2023 that its largest shareholder, Bestway Group, had submitted an "Indicative Offer" to acquire UBL's 55% shareholding in its United Kingdom joint venture with the National Bank of Pakistan, United National Bank Limited "UNBL UK".

United Bank was named in the FinCEN Files, published by BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ).