BNP Paribas (BNPP.PA) plans to move 45 internal finance jobs from Paris to Lisbon as banks facing growing workloads to deal with changes in regulations and accounting rules try and improve their efficiency. The French lender confirmed the move on Tuesday, which was first announced by the Force Ouvriere (FO) union. “Like all banks, we […]

France’s biggest bank agreed to pay penalty of $8.9bn for dealing with countries that were the subject of US sanctions BNP Paribas guilty plea The bank’s general counsel, Georges Dirani, told the judge that BNP’s sanctions violations took place between 2004 and 2012. BNP Paribas, France’s biggest bank, pleaded guilty to criminal charges and agreed […]

The pivotal role BNP Paribas played in helping Sudan sell oil in violation of U.S. sanctions is the major reason U.S. authorities are pushing for harsh penalties against the French banking giant, two sources with first-hand knowledge of the matter said. ”BNP basically was the Sudanese economy. They were just huge in helping the government […]

US justice department pushing France’s biggest bank to plead guilty to charges it violated US sanctions against Iran – $10bn would be more than five times the biggest fine paid by a bank to settle allegations of violating US sanctions. BNP Paribas, France’s biggest bank, is reported to be facing a fine of more than […]

U.S. Attorney General Eric Holder said his department is readying criminal cases against banks that show financial institutions aren’t too big to prosecute. Holder, in a video message posted today on the department’s website, said improved coordination with regulators is creating a relationship that “will prove key in the coming weeks and months” as prosecutors […]