NEW YORK (TheStreet) -- BNP Paribas SA (BNPQY), under investigation by the U.S. for alleged violations of U.S. sanctions, could face a fine of over $5 billion, Bloomberg reports.
The amount sought in the probe of the lender's dealings with countries including Iran and Sudan has escalated, and now far exceeds the $2.6 billion that Credit Suisse (CS - Get Report) agreed to pay in a settlement with the U.S. for helping Americans evade taxes, according to Bloomberg.
Discussions are continuing and the final number could change, sources said.
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