BNP Paribas Will Pay An $8.8 Billion Fine

For weeks there have been reports that BNP Paribas, the largest bank in France, would face a massive fine and be barred from trading in dollars for violating U.S. sanctions. Now it's official, the bank will pay $8.8 billion in addition to pleading guilty to sanctions violation charges, according to Bloomberg. And to add more to the pile, a Manhattan prosecutor has charged the bank with conspiracy, specifically falsifying business records. That's a state charge, while the charges BNP is paying th...