DOJ reportedly seeking over $3.5B from BNP Paribas

• It was about two weeks ago when BNP Paribas (OTCQX:BNPQF, OTCQX:BNPQY, OTCPK:BNPZY) warned the $1.1B it set aside for fines relating to violating sanctions wasn't going to be nearly enough, and Bloomberg today reports U.S. authorities want more than $3.5B (plus a guilty plea) to settle the charges.
• Initially down sharply on the news, BNP closed just marginally lower in Paris action as it appears management's guidance from late April prepped investors for the news.