BNP Paribas Exec May Step Down In Wake of Scandal

A senior BNP Paribas SA (ADR) (OTCMKTS:BNPQY) (EPA:BNP) manager may resign from his post as part of a negotiated settlement with US authorities, the New York Times is reporting. Engineering money transfers to Sudan, Iran France’s largest bank is accused of engineering money transfers into Sudan and Iran, nations on the US list of banned nations.  France has no such ban and the bank was reported to have received a legal opinion that conducting business with Sudan and Iran might be acceptable so long as it was conducted outside US legal jurisdiction, as previously reported. The bank is currently in negotiations…