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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  BNP Paribas    BNP   FR0000131104

BNP PARIBAS

(BNP)
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U.S. may seek more than $5 billion in BNP settlement: Bloomberg

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05/21/2014 | 01:39pm EDT
A part of the logo of the BNP Paribas bank is seen on the rooftop of their Paris headquarters

(Reuters) - U.S. authorities are seeking more than $5 billion from BNP Paribas SA to settle federal and state investigations into the French lender's dealings with sanctioned countries, Bloomberg reported, citing a person familiar with the matter.

The news dragged the company's shares down as much as 3 percent on Wednesday, making them the top loser on the French blue-chip CAC 40 index and on the European banking index during trading hours. The stock closed down 1.3 percent at 51 euros.

Discussions about the penalty amount are continuing and the final amount could change, the report said. (http://r.reuters.com/tac59v)

BNP Paribas, France's biggest bank, was in talks with U.S. authorities to pay more than $3 billion to resolve probes into whether it violated U.S. sanctions on Iran, Sudan and other countries, Reuters reported last week citing people familiar with the matter.

The bank warned last month it faced fines in excess of $1.1 billion over the matter, but declined to provide a specific number.

The probes are being conducted by the U.S. Justice Department, the U.S. Attorney's office in Manhattan, the U.S. Treasury Department, the Manhattan District Attorney's office, and the New York Department of Financial Services.

The U.S. Attorney's office in Manhattan and BNP Paribas declined to comment, while other U.S. authorities could not be reached for comment.

The settlement could be announced as early as next month, the Bloomberg report said.

(Reporting by Arnab Sen in Bangalore; Editing by Gopakumar Warrier)

Stocks mentioned in the article
ChangeLast1st jan.
BNP PARIBAS -2.37% 31.455 Real-time Quote.-39.01%
CAC 40 0.62% 4802.26 Real-time Quote.-20.16%
SEEK LIMITED 1.74% 21.02 End-of-day quote.-6.78%
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Financials
Sales 2020 44 207 M 51 574 M 51 574 M
Net income 2020 6 165 M 7 193 M 7 193 M
Net Debt 2020 - - -
P/E ratio 2020 6,91x
Yield 2020 5,47%
Capitalization 40 245 M 47 015 M 46 953 M
Capi. / Sales 2020 0,91x
Capi. / Sales 2021 0,90x
Nbr of Employees 198 816
Free-Float 86,5%
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Technical analysis trends BNP PARIBAS
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 44,18 €
Last Close Price 32,22 €
Spread / Highest target 90,6%
Spread / Average Target 37,1%
Spread / Lowest Target -23,2%
EPS Revisions
Managers
NameTitle
Jean-Laurent Bonnafé Chief Executive Officer & Director
Jean Lemierre Chairman
Philippe Bordenave Chief Operating Officer & Director
Denis Kessler Director
Jane Fields Wicker-Miurin Independent Director
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