French President Francois Hollande has written to U.S. counterpart Barack Obama to express concern that a possible $10 billion-plus fine for its biggest bank, BNP Paribas, would be "disproportionate", an official at Hollande's office said. U.S. authorities are investigating whether BNP evaded U.S. sanctions relating primarily to Sudan, Iran and Syria between 2002 and 2009.
by via Yahoo! Finance: Top Stories
by via Yahoo! Finance: Top Stories
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