The conundrum is indicting a bank at the parent level is widely perceived to be a potential death blow , since many counterparties would have to stop doing business with it immediately . De Rothschild has been fined nearly $ 1 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 . This will not change until top executives face punishment , Yves Smith writes .
De Rothschild has been fined nearly $ 1 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 . This will not change until top executives face punishment , Yves Smith writes .