Bloomberg: Potential BNP fine jumps to over $5B


U.S. authorities want BNP Paribas (BNPQF) to pay over $5B in fines and plead guilty to settle federal and state probes into the French bank's dealings with sanctioned countries, including Sudan and Iran, Bloomberg reports.

The figure is notably above the $3.5B that Bloomberg bandied about just last week and the more than $1.1B that BNP has set aside.

A deal could be announced next month.

Shares are -2.05% in Paris.

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Comments (1)
  • winall
    , contributor
    Comments (26) | Send Message
     
    $5,000,000,000 is 250 times the fine the same US Government imposed on GM for 20 years of lying and misleading the public about their faulty cars that killed innocent Americans. Now that is Justice.
    21 May 2014, 07:32 AM Reply Like
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