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Investment

BNP, US prosecutors near $US9bn settlement

BNP Paribas has neared a deal with US prosecutors that would see the French bank pay $US8 billion to $US9 billion and accept other punitive measures for violating American sanctions, The Wall Street Journal reports.

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Read more: BNP Paribas,  US prosecutors,  Wall Street Journal reports,  Iran,  Sudan,  US sanctions,  BNP Paribas executives,  Cuba,  International Emergency Economic Powers Act,  Investment,  July,  Khartoum,  mid-May,  New York state banking regulator Benjamin Lawsky,  President Francois Hollande,  Senior BNP executive Dominique Remy,  Sunday,  US authorities,  US dollars,  US regulators