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BNP Paribas to pay £5.2bn for breaking US sanctions

Banking giant BNP Paribas has agreed to pay £5.2 billion for evading US sanctions on Iran, Cuba and Sudan.

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Bank staff to leave over breaching US sanctions

BNP Paribas will pay a settlement of £5.2 billion. Credit: Reuters

Thirteen staff at France's biggest bank will leave their jobs as part of its settlement for breaking US trade sanctions.

The New York state banking regulator said BNP Paribas' chief operating officer Georges Chodron de Courcel will be among the workers departing.

BNP Paribas will also suspend parts of its US dollar clearing operations for one year from January 2015 which will impact its oil and gas finance business.

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