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BNP warns US fine may ‘far exceed’ $1.1 billion provision – Reuters

Reuters
PARIS (Reuters) – French bank BNP Paribas (BNPP.PA) has warned it might be hit with a U.S. fine far in excess of the $1.1 billion that it set aside last year to cover litigation costs linked to potential breaches of U.S. sanctions on countries including Iran.
BNP’s U.S. Sanctions-Probe Costs May Swell; Shares SlideBloomberg
US close to bringing criminal charges against big banksThe Globe and Mail
BNP Drops After Saying US Sanctions Probe May Cost MoreBusinessweek
New York Timesswissinfo.chMarketWatch
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Source: Business News From Google News

Zennie Abraham
Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.
https://www.zennie62blog.com

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