The Traderszone Network

Published in TZ Latest News 6 July, 2014 by The TZ Newswire Staff

France not worried about U.S. probe of other banks: minister

AIX-EN-PROVENCE (Reuters) – France’s finance minister said on Sunday he was not worried about French banks being investigated by U.S. authorities after a record fine was imposed on BNP Paribas for violating U.S. sanctions against several countries. According to U.S. sources, French banks Societe Generale and Credit Agricole and Germany’s Deutsche Bank are being investigated for having potentially violated U.S. economic sanctions. Asked if he was worried about the French banks being probed, Finance Minister Michel Sapin said: “No.”