BNP Fine Stirs French Anger, Pressuring Hollande to Act
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The French are crying foul.
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA for its alleged dealings with Iran and other sanctioned nations is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts Barack Obama this week to mark the 70th anniversary of D-Day, to protect the bank from the American onslaught.