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US to slap $8.9 billion fine on French bank
short by Trivedi Bhutnath / on Tuesday, 1 July, 2014
France's largest bank, BNP Paribas, has agreed to pay US authorities a $8.9 billion fine to avoid being tried in court for dealing with US-blacklisted countries, sources said. The deal forces BNP to plead guilty to the bank's deals from 2002 to 2009 with countries that Washington has blacklisted like Cuba, Iran and Sudan.
read more at Times of India