BNP Falls as U.S. Probe Said to Cost More Than $5 Billion
This article is for subscribers only.
BNP Paribas SA, France’s largest bank, fell to a seven-month low in Paris on concern U.S. authorities will seek more than $5 billion from the lender to settle a probe into alleged violations of U.S. sanctions.
The stock fell as much as 3 percent to the lowest since Oct. 1, and was down 1.8 percent at 50.73 euros as of 9:45 a.m. local time.