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BNP Paribas board approves $9bn fine

BNP Paribas's board of directors has approved a settlement with US authorities to pay a record $US9 billion ($A9.74 billion) fine to avoid being tried for violating US embargoes.

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Read more: BNP ParibasUS authoritiesUS embargoesInvestmentCubaDecember 31FranceIranJustice DepartmentLawskyNew York banking regulator Benjamin LawskyNew York Stock ExchangeParisSudanUS operations