World Business News

A round up of the latest news for those doing business internationally

French attack on US fines could make them worse

Zone(s): France, USA ¦ Sector(s): Finance
[4 June 2014, CITY A.M.]The French government’s attempt to stop US regulators fining national champion BNP Paribas could make the situation worse for the bank, lawyers warned yesterday.

BNP faces a fine of as much as $10bn (£6bn) for alleged sanction breaking, in breech of US laws.

Read the full story at:
www.cityam.com/article/1401842934/french-attack-us-fines-could-make-them-worse