BNP Pleads Guilty, Will Pay $8.9B in Fines

BNP Pleads Guilty, Will Pay $8.9B in Fines Play

July 1 (Bloomberg) -- A U.S. crackdown on financial institutions for alleged sanctions-busting threatens to penalize more European banks after France’s BNP Paribas SA was fined a record $8.97 billion for dealing with blacklisted countries. Harvard University Professor Robert Kaplan and Gilt Group CEO Michelle Peluso speak on “Bloomberg Surveillance.” (Source: Bloomberg)

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