Bank of France Says BNP Can Withstand U.S. Fine, Clearing Ban
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BNP Paribas SA can withstand the almost $9 billion fine and yearlong ban on clearing some dollar trades imposed by U.S. authorities, the Bank of France said.
The central bank’s regulatory arm “has examined the situation of BNP Paribas and concluded that the BNP Paribas Group has a solid solvency and liquidity position, which will allow it to absorb the anticipated consequences of this decision,” the Bank of France said in a statement today.