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Report: BNP Paribas to settle probe for $8-9B

Jun. 23, 2014 1:38 AM ETBNP Paribas SA (BNPQF) StockBNPQY, BNPQF, BNPZYBy: Yoel Minkoff, SA News Editor5 Comments
  • BNP Paribas (OTCQX:BNPQF) will most likely settle the U.S. investigation over its sanction violations for $8-9B, CNBC reports.
  • The bank is said to have been involved with evading American sanctions by engaging in more than $100B of transactions with Sudan, Iran and Cuba.
  • Some BNP Paribas officials have already resigned, after U.S. authorities demanded more than a dozen chosen bank employees leave as part of any settlement.

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