Silver as an investment

French Bank BNP Paribas Pleads Guilty Criminal Conspiracy Charges, Fined Record $9 Billion; Anyone Headed to Prison?

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

Today, French bank BNP Paribas plead guilty Monday to criminal money-laundering laws by helping clients dodge sanctions on Iran, Sudan and other countries.

As part of the settlement, BNP will pay a record penalty of close to $9 billion.

Former ECB president Jean-Claude Trichet said the fine was neither fair, just, nor proportionate and carries risks for the global financial system.

CCN Money has the synopsis in BNP Paribas to Pay Nearly $9 Billion Penalty.

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