BNP Plans Dividend Cut And Bond Issue As U.S. Settlement Nears: WSJ - Presented by: The Aol. On Network

The Wall Street Journal reported BNP Paribas plans to slash its dividend and raise funds by selling billions of euros of bonds next week, as it nears a costly settlement with U.S. authorities over sanctions violations. Sources have said U.S. authorities are probing whether BNP Paribas evaded U.S. sanctions relating primarily to Sudan between 2002 and 2009, and whether it stripped identifying information from wire transfers so they could pass through the U.S.

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