MANHATTAN (CN) – The French bank BNP Paribas on Monday agreed to pay $8.8 billion for conspiring to process transactions through the U.S. financial system for Sudanese, Iranian and Cuban entities subject to U.S. economic sanctions. – BNP Paribas agreed… Read More ›
BNP Paribas
Incomes suffer biggest drop in TWENTY years, alarming new figures show
Part of decline was after 2.6 percent surge in December as businesses rushed to pay dividends and bonuses before the new year Consumer spending rose 0.2 percent linked to utilities but decline in goods Savings were the smallest since December… Read More ›
IMF warns over-taxed France risks slipping behind Italy and Spain
The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform. Francois Hollande is facing a nationwide revolt by business leaders… Read More ›