U.S. Government To Unveil Record Fine For France’s BNP
The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France’s biggest bank, sources familiar with the matter said. The penalties, which the sources said may also include a temporary ban on some dollar-clearing business, could hit BNP’s dividend payout, regulatory capital ratios and its investment banking targets, analysts say.
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