BNP Paribas has to pay $8.9 billion in violations

BNP Paribas

BNP Paribas was finedd $8.9 billion USD today for violating international sanctions.

BNP Paribas, the big french bank, came up the biggest loser today.

Late this afternoon we learned that BNP will pay a "Global money penalty" of $8.9 billion in a guilty plea to settle charges by U.S. authorities for violating American sanctions on Sudan and Iran, among others.

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Kai Ryssdal is the host and senior editor of Marketplace, the most widely heard program on business and the economy in the country.


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