Last Updated: Friday, July 04, 2014, 09:33
Asian shares rose to a three-year peak on Friday and the dollar held near its overnight highs after U.S. jobs data which showed the lowest unemployment rate in six years and underscored the strength of the economic recovery.
Last Updated: Wednesday, July 02, 2014, 11:17
French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations it violated U.S. sanctions against Sudan, Cuba and Iran, a severe punishment aimed at sending a clear message to other financial institutions around the world.
Last Updated: Tuesday, July 01, 2014, 19:58
BNP Paribas has a presence in 75 countries, including in India, with more than 180,000 employees and its businesses include retail, corporate and investment banking.
Last Updated: Tuesday, July 01, 2014, 17:48
The regulator stressed that its probe had not shown any violations of Swiss sanctions.
Last Updated: Tuesday, July 01, 2014, 12:22
The plea agreement provides that BNPP will pay total financial penalties of USD 8.97 billion, including forfeiture of USD 8.83 billion and a fine of USD 140 million.
Last Updated: Monday, June 30, 2014, 09:23
Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said.
Last Updated: Saturday, June 28, 2014, 23:05
The head of BNP Paribas has conceded the bank will be "punished severely" ahead of what is expected to be a multi-billion dollar fine for breaching US economic sanctions.
Last Updated: Wednesday, June 25, 2014, 14:55
India`s External Affairs Minister Sushma Swaraj will meet opposition Bangladesh Nationalist Party (BNP) chief Khaleda Zia Friday.
Last Updated: Monday, June 23, 2014, 13:24
BNP Paribas has been negotiating on an almost daily basis with U.S. authorities for weeks.
Last Updated: Wednesday, June 18, 2014, 17:57
A Chinese mining group allegedly used the same commodity stocks as collateral for loans of more than USD 2.5 billion from different banks, state-run media reported, with its other lenders also including Standard Chartered, HSBC, and BNP Paribas.
Last Updated: Friday, June 13, 2014, 19:55
The bank is accused of breaking sanctions against Iran, Sudan and Cuba between 2002 and 2009 by carrying out dollar transactions with them.
Last Updated: Thursday, June 12, 2014, 14:09
A spokeswoman for the bank said he had planned to retire this year anyway and would not comment on the U.S. proceedings.
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