Wednesday, July 02, 2014

BNP Paribas Guilty Plea Is Latest Big Settlement to Bolster New York State’s Fiscal Position

BNP Paribas Guilty Plea Is Latest Big Settlement to Bolster New York State’s Fiscal Position "This week, the French bank BNP Paribas agreed to plead guilty to federal and state criminal charges and will pay an $8.9 billion penalty, which will be split between the federal and state governments. The fee is a record sum for a bank accused of doing business with countries that face United States sanctions."

Matt Tahibbi notes, no one is going to jail.

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