BNP Paribas

Obama May Face French Backlash Over BNP Prosecution In Meeting This Week

As the Department of Justice continues to aggressively prosecute foreign banks, a meeting between the Obama administration and French officials this week could get explosive.

$10 billion fine significantly higher than that for repeat offender HSBC
According to a Bloomberg report, DoJ’s $10 billion fine against France’s largest bank is “stirring outrage in the country” which is putting pressure on French President Francois Hollande to “protect the bank from the American . . .


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