BNP Paribas has been fined nearly $ 9 billion in fines for violations of US sanctions . Most financial commentators had little sympathy with the French position , since the giant bank 's conduct was egregious . French authorities criticized the fine as excessive and disproportionate . Author Yves Smith says fines such as this have only limited impact on the banks . Comment:
BNP Paribas has been fined nearly $ 9 billion in fines for violations of US sanctions . French authorities criticized the fine as excessive and disproportionate . Author Yves Smith says fines such as this have only limited impact on the banks . Comment: