Hollande tells Obama mooted BNP fine disproportionate-French ...

>

U.S. authorities are investigating whether BNP evaded U.S. sanctions relating primarily to Sudan, Iran and Syria between 2002 and 2009. Sources familiar with talks between them and the bank have said the potential fine could exceed $10 billion.

Hollande flagged in the letter the need for a "reasonable" approach by the U.S. justice system in close cooperation with the financial regulatory authorities, the official added on Wednesday.

(Reporting by Julien Ponthus; Editing by Mark John)

FILED UNDER: Stocks Regulatory News Markets Financials

• Tweet this
• Link this
• Share this
• Digg this
• Email
• Print
• Reprints