BNP Paribas Risks Client Flight as Ban on Transfers Looms

See on Scoop.itMoney & Payments

Credit Suisse Group AG emerged from a guilty plea this week relatively unscathed. The punishment that prosecutors are now holding over BNP Paribas SA’s head could have more severe consequences.

Faisal Khan‘s insight:

New York DFS Superintendent Benjamin Lawsky, is making BNP pay in Benjamins alight and slapping them with restrictions on moving money (wire transfers). 

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