DOJ Close to Settlement With BNP Paribas

Benjamin Lawsky, superintendent of the New York State Department of Financial Services, stands for a photograph in New York on Oct. 19, 2011 Photograph by Jin Lee/Bloomberg

Finally, after weeks of leaks and posturing and what seemed like a crisis that could have jeopardized Americans’ access to Port Salut, the French bank BNP Paribas and the U.S. government are close to settling the criminal investigation of the bank, the Wall Street Journal reports. The price tag is estimated to be between $8 billion and $9 billion.

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