Powered by
BNP Paribas Expresses Confidence in Its Funding After Guilty Plea
Jul 1, 2014 - DealBook - The New York Times
Financial Results

A day after it was handed a record penalty by American authorities for violating United States sanctions laws, officials at BNP Paribas on Tuesday struck a confident note about the bank's future, insisting that it would be able to continue meeting the needs of most of customers and had "ample" funding to absorb an $8.9 billion fine.

In a conference call with analysts, Chief Financial Officer Lars Machenil said the penalties, which included a partial suspension of its ability to process pay

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox