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Stock Market & Financial Investment News

News Breaks
May 29, 2014
14:22 EDTBNPQYDOJ seeks to fine BNP Paribas over $10B for sanctions violations, WSJ says
The Justice Department is urging BNP Paribas to accept a settlement over charges it evaded U.S. sanctions against Iran that would see the bank pay more than $10B in penalties, according to The Wall Street Journal, citing people familiar with the talks. The report noted that a final resolution of the probe is likely "weeks away" and the settlement amount could total far less than $10B, which is above what the bank was targeting. Reference Link
News For BNPQY From The Last 14 Days
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January 21, 2015
08:18 EDTBNPQYBNP Paribas discussing potential job cuts in January 27 meeting, Reuters says
BNP Paribas will hold an exceptional meeting with its works council on January 27 regarding potential job cuts, reports Reuters, citing French paper Les Echos. The paper cited a union representative, who stated the number of job cuts "should not" exceed 373, while the company's top bankers will see a 50% average cut in bonuses. Reference Link

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