France seeks Germany’s support on BNP Paribas case

President Hollande talks with Angela Merkel amid fears that 'disproportionate' action against its biggest bank could pose risks to banking system.

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France has sought backing from its European partners as it seeks to limit US punishment of BNP Paribas for breaking US sanctions, saying “disproportionate” action against its biggest bank could pose a systemic risk to the sector, reports The Financial Times.