BNP Paribas to pay $224 bilion to NY regulator in settlement

July 16, 2014, NYC, NY USA. BNP Paribas will pay $2.24 bilion to New York’s top financial regulator as part of the French bank’s $8.97 bilion tab to end investigations by US authorities over sanctions violations. The French bank will also be suspended for one year from performing dollar-clearing functions through its NYC branch primarily related to oil and gas businesses. (Jonathan Alpeyrie/Polaris Images) © PHOTO NEWS / PICTURES NOT INCLUDED IN THE CONTRACTS *** local caption *** 04872914