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Stock Market & Financial Investment News

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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
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