DoJ Could Fine BNP Paribas $10 Billion

The US Justice Department has BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY) in its target zone, seeking the bank to pay a $10 billion fine to put to rest a criminal investigation into charges the French bank violated US sanctions against Iran and other countries for years, the Wall Street Journal is reporting, citing people familiar with the negotiations.

The negotiations are currently focused on the amount of the fine and on the bank potentially losing some of its banking privileges in the US.  A conclusion to the talks is expected in weeks. BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY) had previously announced that an internal investigation...