Welcome to countdown. A warm welcome to the second hour of the program. Paribas isbank bnp said to be planning a guilty plea today to end the criminal probe into u. S. Sanctions violations. Caroline, what do we expect . Good morning. As you were saying, we expect frances largest bank, bnp paribas, to plead guilty today to u. S. Criminal charges. The board of bnp paribas, according to the Financial Times, met over the weekend and approved the deal with u. S. Us with u. S. Authorities. The department of justice should announce it in washington later today. According to the the french news channel, the ceo of bnp paribas also sent a letter to employees of bnp paribas warning them that mistakes were made and that we will be sanctioned heavily. The final price tag of the up to 9ill be billion. That will be the biggest line ever issued by u. S. Authorities on an overseas bank. Notthe u. S. Authorities are ruling out charging individuals in the future. Banks ability to transact in u. S. Dolla
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