France not worried about additional U.S. bank probes


France's finance minister Michel Sapin states that he is not worried about additional U.S. probes on other French banks, following last week's guilty plea by BNP Paribas for violating U.S. sanctions.

"I think the risk is rather being perceived by other very big European banks," says Sapin.

According to U.S. sources, French banks Societe Generale (SCGLF) and Credit Agricole (CRARY) and Germany's Deutsche Bank (DB) are also being investigated for having potentially violated U.S. sanctions.

Comments (2)
  • Rinascimento
    , contributor
    Comments (1719) | Send Message
     
    Great more blackmail money from European banks
    6 Jul 2014, 07:37 PM Reply Like
  • Danese
    , contributor
    Comments (86) | Send Message
     
    Michel Sapin is not worried, because he is not a shareholder. He bragged that the government had assisted so BNP did not get too big a fine. Very reassuring, because it did get a devastating money bleeding. The french government, who all are noted banks haters, did NOTHING!
    7 Jul 2014, 10:01 AM Reply Like
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