U.S. Government to Unveil Near $9 Billion Fine for France’s BNP: Sources
The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas (bnpp.pa) 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.
BNP is expected to plead guilty to a criminal charge in Manhattan Federal Court on Monday and the U.S. Justice Department is planning a news conference in Washington to announce a deal the same day, sources said.
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