Just a few days before U.S. authorities reached a landmark $8.97 billion settlement in connection with BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY)’s allegedly evading U.S. sanctions on Somalia and Iran, New York Governor Andrew Cuomo intervened to ensure that the state government got a much bigger share in the kitty. Citing people familiar with the matter, Reuters reports that the New York Governor called the Manhattan District attorney, Cyrus Vance, and sought a big chunk for the state’s coffers. BNP agreed to pay over $8 billion As reported in June, France’s largest bank pleaded guilty to two criminal charges and agreed to pay a fine of…
Governor Cuomo Sought Additional $1 Billion From BNP Deal
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports