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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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July 21, 2014
11:34 EDTBNPQYBNP suit prompts calls for whistleblower rewards in banking, Reuters says
BNP Paribas' $9B settlement with U.S. authorities, assisted by internal whistleblowers, has prompted calls for federal banking regulators to defend and offer incentives to individuals who report wrongdoing by banks, according to Reuters, citing comments from architect of the Securities and Exchange Commission's whistleblower representation program Jordan Thomas. Reference Link
July 10, 2014
06:24 EDTBNPQYBNP enters guilty plea in U.S. to overstepping sanctions, Reuters says
BNP Paribas entered a guilty in Manhattan federal court to overstepping U.S. sanctions after agreeing to pay $8.97B to resolve state and federal investigations that reached the highest echelons of French and American diplomacy, according to Reuters, citing comments from Assistant U.S. Attorney Andrew Goldstein. The bank's sentencing date is set for October 3. Reference Link

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