US seeks $10 billion penalty from BNP over sanctions probe: WSJ
Credit: Reuters/Charles Platiau
French BNP Paribas bank logo is seen at their presentation of their 2010 annual results in Paris February 17, 2011.
Sources told Reuters in May that BNP Paribas was in talks with U.S. authorities to pay more than $3 billion to resolve probes into whether the French bank violated sanctions on Iran, Sudan and other countries.
BNP Paribas was not immediately available for comment outside European business hours.
A final resolution of the investigation is likely weeks away, the Journal said, adding that it is possible the final settlement amount could be far less than $10 billion.
(Reporting by Avik Das in Bangalore)
Post a Comment for "US seeks $10 billion penalty from BNP over sanctions probe: WSJ"