France To Defend BNP Paribas Against $10B US Fine Threat

Foreign Minister Laurent Fabius said France will defend the interests of its largest bank, BNP Paribas, as it faces the possibility of having to cough up more than $10 billion in fines to the U.S. for allegedly breaching trade sanctions imposed by the U.S. BNP Paribas, accused of evading sanctions against countries including Iran, Sudan and Cuba, is negotiating a settlement with U.S. authorities, who have asked the bank to fire employees and are preparing to slap the huge fine on the lender. Fab...