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


BNP Paribas (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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Comments (5)
  • Patent News
    , contributor
    Comments (1474) | Send Message
     
    nice they should be paying more
    23 Jun 2014, 01:48 AM Reply Like
  • Ludo5312
    , contributor
    Comments (199) | Send Message
     
    At least you may state your reasons as to way a ridiculous amount like that is already not enough?
    23 Jun 2014, 06:29 AM Reply Like
  • vireoman
    , contributor
    Comments (1218) | Send Message
     
    Perhaps you may state your reasons as to why $8-9B is a "ridiculous amount?"
    23 Jun 2014, 07:55 AM Reply Like
  • june1234
    , contributor
    Comments (4357) | Send Message
     
    Pay the fines, break more sanctions, cost of doing business.
    23 Jun 2014, 08:19 AM Reply Like
  • Ludo5312
    , contributor
    Comments (199) | Send Message
     
    It may be good to know that these are unilateral sanctions. Is this escalation in fines the way to go? It is out of control. The cost has inflated by several hundred percent for similar 'offences' (all in a distant past).
    24 Jun 2014, 10:26 AM Reply Like
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