Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Foreign fining spree will come back to haunt America Add to ...

Subscribers Only

When President Barack Obama attends the D-Day commemoration event this week in France, Francois Hollande, the French head of state, is expected to take his American guest aside for a little private chat about a certain French bank and the threat by the U.S. Justice Department of a $10-billion (U.S.) fine. BNP Paribas is accused of infringing U.S. sanctions against Iran, Sudan and Cuba, becoming the latest European bank to be caught in a campaign by Justice to bring alleged miscreants to book, but the scale of the penalty threatening BNP (it would amount to the largest corporate fine ever imposed by the U.S.) is provoking political uproar in Paris.

Report Typo/Error

Follow us on Twitter: @GlobeBusiness

 

More Related to this Story

Topics

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular