Top BNP Executive To Go Amid Sanctions Busting Investigation

Publisher:
Wochit
Publication Date:
12 June 2014
Tags:
Sudan, Legal and Judicial Affairs, International Organizations and Africa, Banking and Insurance, Corruption

BNP Paribas' Chief Operating Officer is to step down at the end of June and retire completely on Sept 30, the French bank announced on Thursday as it wrestles with U.S. authorities over a potential $10 billion fine. New York's banking regulator had requested the departure of the long-serving COO, Georges Chodron de Courcel, as part of a settlement for alleged violations of sanctions against Iran, Sudan and other countries, a person familiar with the matter told Reuters on June 5.

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