As BNP Fine Could Sink Bank, Why No Individual Prosecutions?

Mark Melin

Published onJune 4, 2014

Updated on May 13, 2021

As the US President Barack Obama heads to France, a confrontation over US fines against BNP Paribas SA (ADR) (OTCMKTS:BNPQY) (EPA:BNP) looms.

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As reported in ValueWalk, BNP Paribas SA (ADR) (OTCMKTS:BNPQY) (EPA:BNP) is accused of transferring money to outlaw nations such as Sudan, an issue that might land smaller US banks in jail.

Concern massive fine might wipe out key financial institutions in France

At issue is the severity of the fine -- $10 billion, a dramatic sum considering that for laundering money of drug cartels and terrorist nations, HSBC Holdings plc (ADR) (NYSE:HSBC) (LON:HSBA) received only a $1.9 billion fine. The fine for large bank’s...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

As BNP Fine Could Sink Bank, Why No Individual Prosecutions?

Concern massive fine might wipe out key financial institutions in France

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