bnp reaches deal with us authorities over mega fine
Last Updated : GMT 14:05:03
Arab Today, arab today
Arab Today, arab today

BNP reaches deal with US authorities over mega fine

Arab Today, arab today

Arab Today, arab today BNP reaches deal with US authorities over mega fine

France's biggest bank BNP Paribas
Paris - XINHUA

France's biggest bank BNP Paribas on Monday announced a comprehensive settlement with U.S. authorities over billions of U.S. dollars of penalty on its alleged dealings with countries subject to sanctions.
In a statement, the French bank agreed to pay a total of 8.97 billion U.S. dollars that could increase its charge by 5.8 billion euros (7.94 billion U.S. dollars) to be booked in the second quarter of the year.
Under the settlement accord, it also accepted to temporaryly suspend "one year starting January 1, 2015 the U.S. dollars direct clearing focused mainly on the oil and gas energy and commodity finance business line in certain locations."
Punished for alleged dealings with countries subject to sanctions such as Iran, Cuba and Sudan, BNP Paribas said it would maintain its licenses in the United States, adding the fine would not affect its operational or business capabilities to serve the vast majority of its clients.
With the largest fine paid by a European bank, BNP Paribas expected its fully loaded Basel III CET1 ratio to be at around 10 percent as of June 2014, in conformity with the group's financial targets over 2014-2016 period.
"Having this matter resolved is an important step forward for us. Apart from the impact of the fine, BNP Paribas will once again post solid results this quarter and we want to thank our clients, employees, shareholders and investors for their support throughout this difficult time," said Jean-Laurent Bonnafe, BNP Paribas CEO.
"The group remains focused on implementing its 2014-2016 business development plan. In particular, North America remains a strategic market for the group where we plan to further develop our retail, investment solutions and corporate and investment banking franchise over the coming years," he added.
During Tuesday's midday trading session, BNP Paribas shares were in the green at 51.39 euros, up 3.72 percent. (1 euro = 1.36 U.S. dollar)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bnp reaches deal with us authorities over mega fine bnp reaches deal with us authorities over mega fine

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bnp reaches deal with us authorities over mega fine bnp reaches deal with us authorities over mega fine

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday