BNP Paribas to plead guilty, pay $8.8B

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

As has been rumored for awhile, BNP Paribas (BNPQF) has plead guilty to two felony counts and agreed to pay $8.8B in fines to settle a U.S. probe into dealing with countries under sanction, reports the WSJ.

Whether or not BNP will be suspended from performing dollar clearing services - potentially a big hurt on its business - has not yet been reported.

Previously: NYT: BNP Paribas expected to plead guilty, pay $8.9B