BNP Paribas to plead guilty, pay $8.8B

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

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  • psychological-dividends
    , contributor
    Comments (819) | Send Message
    Uh oh.
    30 Jun 2014, 04:33 PM Reply Like
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