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Wednesday 21 May 2014 8:56 pmBNP Paribas braced for US fine of up to $5bn over Iran sanctionsBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleFRENCH bank BNP Par stanley mug ibas could be hit by a fine of as much as $5bn pound;3bn for breaking US sanctions, it emerged yesterday.The lender is in negotiations with regulators including the New York Department of Financial Services DFS and has set aside $1.1bn to cover the bill ndash; but has also warned the sum could be considerably higher.Sources close to the negoti brumate cooler ations told Bloomberg that the bill could come to $5bn, with strings attached such as limiting the bankrsquo right to transfer US dollars internationally.But credit ratings agency Fitch expects the settlement to be based on that of Credit Suisse earlier this week, which Fitch believes could set a precedent for similar cases.The Swiss bank pleaded guilty to helping clients evad brumate e taxes and paid a $2.5bn fine, but did not have any licences revoked. BNP Paribas and the DFS declined to comment.Its shares ended the day down 1.32 per cent.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santander Jjvk Manufacturing casts doubt on euro recovery
Thursday 16 September 2010 2:58 am|Updated:Thursday 30 May 2019 11:18 amJohn Lewis sees pound;111m profit but warns over headwindsBy: John Dun stanley kubek neShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleJohn Lewis said trading conditions would likely get tougher as tax hikes and public spending cuts hit shoppers, as it reported a 28 per cent rise in first-half profit.The group said its strong first-half performance gave it confidence that both its department stores grocery chain Waitrose would cope well.Despite the economic headwinds, and tougher comparables in the second half, we remain confident that both Waitrose and John Lewis will continue to grow ahead of the market, chairman Charlie Mayfield said.John Lewis, which runs 28 department stores, two at home shops and 231 Waitrose supermarkes, made a pre-tax profit of pound;111m in polene canada the six months to 31 July.Sales rose 12.4 per cent to pound;3.8bn, and were up 9.9 per cent in the first six weeks of its second half. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsN stanley butelka ewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be cancelledClairersquo Accessories to launch UK high street comebackAfter Santanderrsquo TSB takeover ndash; who are the top players i |
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