BLOOMBERG Countdown July 1, 2014
It is a record fine for bnp paribas, frances the guest biggest bank has settled the probe into sanctions violations. How does this stack up against prior fines . It dwarfs everything we have seen before. Presumed they would have to cough up and provided 1. 1 billion. We watched it as the estimates rose and rose. It is an historic moment in terms of what is happening in the United States, in terms of their approach to banking and if you break the rules. It is the first guilty plea on sanctions. Socgen socgen, still under investigation. This bank went to elaborate lengths to per heal conceal pro...