The French bank was looking to calm stockholders' concerns regarding its ability to pay a $9 billion settlement with the U.S. regarding a sanctions violations case, the Wall Street Journal reports.
The settlement brings to a close a U.S. investigation into whether or not BNP violated U.S. money laundering laws by helping clients avoid sanctions relating to Cuba, Iran, and Sudan.
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BNP expected a 10% ratio decline by June 30, which leaves the company in line with most of its European counterparts. BNPQY data by YCharts
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