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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

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