US set to unveil record fine for France's BNP bank

American Justice Department expected to announce a record fine of nearly $9 billion over alleged sanctions violations by France's biggest bank.

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The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France's biggest bank, sources familiar with the matter said, reports Reuters.