France’s finance minister said on Sunday that talks between BNP Paribas (BNPP.PA) and U.S. authorities over a potential fine for the bank for breaching U.S. sanctions had progressed towards a “more equitable” level. U.S. authorities – five of them in all, including the New York financial regulator – are investigating whether BNP evaded U.S. sanctions against Iran and other countries between 2002 and 2009…”What is being criticized by the U.S. authorities is the violation of a strictly American law. The same acts committed in France in euros would not have been reprehensible,” [Michel] Sapin said. “That said, it is the American law, it should have been respected.” [Reuters, related]

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  1. Posted by Captain Oblivious | June 16, 2014 at 11:05 AM

    Thats a smart strategy. Antagonize the guys who want to kill your business. I hope they throw the book at these clowns. 16B buys a lot of scarves

  2. Posted by Guest | June 16, 2014 at 11:51 AM

    They are going to take tax money from our beloved apple, google starbucks, and all those us companies who've set up European tax avoidance schemes. it's only right we get the money back from their banks….

  3. Posted by lavatory | June 16, 2014 at 12:44 PM

    Mustang susan is a friend of myne

  4. Posted by Zbig Ryzak | June 16, 2014 at 2:28 PM

    U.S. Attorney's office in Washington, DC and Southern District of New York… listen up!

    Take their banking license away, please!

  5. Posted by eizverson22 | June 18, 2014 at 11:58 AM

    This is not as officials have broken the law, he must be punished by law.<img src=>