BNP Drops as U.S. Said to Seek $10 Billion in Settlement
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BNP Paribas SA fell in Paris trading after a person familiar with the matter said U.S. authorities are seeking more than $10 billion to settle federal and state investigations into dealings with sanctioned countries.
The shares declined as much as 6.1 percent, the largest intraday drop since February 2013, and closed 2.4 percent lower at 51.37 euros. BNP Paribas, the largest French bank, has fallen