Wealth and Asset Management
BNP Paribas Q4 profit hit by $1.1 bln legal charge
BNP Paribas, France's No. 1 listed bank, reported a 76 per cent drop in quarterly profits on Thursday after booking a US$1.1 billion litigation provision in case it faces fines for breach of U.S. sanctions. The bank said it had set aside the funds after negotiations with the U.S. authorities,…
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