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JPMorgan said to have unwittingly helped BNP’S transfers

Friday, July 4, 2014 - 9:46 AM
From Bloomberg:

BNP Paribas turned to JPMorgan on the basis of legal advice [...]  The Paris-based lender relied on a legal memo that suggested using a U.S. bank might protect it from sanctions penalties, according to the statement of facts filed by prosecutors in New York.
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pearlbrownpearlbrown1,436 posts since
Nov 2, 2010
Rep Points: 6,264
1. Friday, July 4, 2014 - 3:27 PM
BNP Paribas' $8.8bn fine shows it's time to break up the banks

“The business pages are starting to read like a police blotter, and a renewed interest in breaking up the banks is taking shape”

BNP Paribas' $8.8bn fine shows it's time to break up the banks | Money | theguardian.com
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ShorebreakShorebreak2,621 posts since
Apr 6, 2010
Rep Points: 14,208
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