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BNP Hoping To Haggle Down Justice Department Fine To $8 Billion

The U.S. Justice Department is pushing BNP Paribas to pay more than $10 billion to resolve a criminal probe into allegations it evaded U.S. sanctions against Iran and other countries for years, which would represent one of the largest penalties ever imposed on a bank, according to people familiar with the negotiations…BNP is looking to pay less than $8 billion, according to the people familiar with the settlement discussions, although a person close to the bank said its negotiators haven’t mentioned the $8 billion figure in talks with U.S. authorities. [WSJ]

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2 Responses to “BNP Hoping To Haggle Down Justice Department Fine To $8 Billion”

  1. Layoffs quant says:

    Mondieu!!! Time to sharpen my guillotine after Le Canadiens lose tonight….

  2. French Canadien says:

    "Let's make a deal" applies to fines too, eh