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BNP Paribas to be ‘punished severely’, says boss
Zone(s): France ¦ Sector(s): Banking
The bank could be fined $8.9bn (£5.2bn) for allegedly violating sanctions rules as early as Monday, reports suggest. The Financial Times and New York Times also report that the bank will, unusually, admit guilt.
The bank is accused of breaking sanctions against Iran, Sudan and Cuba between 2002 and 2009.