The boss of BNP Paribas has written to staff warning that the French banking giant will be fined heavily by US authorities. "I want to be clear, we will be punished severely," Jean-Laurent Bonnafe said in the internal memo. The bank could be fined $8.9bn (£5.2bn) for allegedly violating sanctions
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp