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

|About: BNP Paribas (BNPQF)|By:, SA News Editor

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.