sanctions

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]

  • 28 Apr 2014 at 12:56 PM

Maybe This Will Make Vladimir Putin Sorry?

If international sanctions don’t have the Russian leader thinking twice about his Ukrainian Anschluss, perhaps this will keep his territorial ambitions in check. Read more »

  • 03 Apr 2014 at 11:00 AM

The Profits Of Neutrality

The Swiss have never let unprovoked aggression deter them from doing business with the aggressors, and this long, proud tradition of profiting at others’ expense continues. Plus, they’ve already given up enough lucrative endeavors at the behest of Washington. Read more »