File - The logo of BNP Paribas is seen on top of the bank's building in Fontenay-sous-Bois, eastern Paris, May 30, 2014. (REUTERS/Charles Platiau)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
President Barack Obama dismissed Thursday any prospect that he might intervene to help BNP Paribas bank, which risks losing one of its most senior executives over U.S. allegations of sanctions busting.New York banking regulator Benjamin Lawsky is pushing the French bank to sever ties with Chief Operating Officer Georges Chordron de Courcel as part of a settlement with U.S. authorities over the allegations, according to a person familiar with the matter.France's largest listed bank would also need to pay penalties that may top $10 billion, sources have said, and temporarily halt parts of its business in America.Obama, who dined with Hollande at a Paris restaurant Thursday evening, said that decisions on any prosecution in such cases lay solely with the U.S. Justice Department.Courcel, 64, is one of three chief operating officers listed on BNP's website. He started at the bank in 1972, and has been chief operating officer since June 2003, overseeing corporate and investment banking and investment solutions.
FOLLOW THIS ARTICLE