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Even though BNP is a foreign bank, it has to have a license to conduct banking in the United States. If they refuse to co-operate, the US will cancel that licen
by radmuzom 12y ago
Even though BNP is a foreign bank, it has to have a license to conduct banking in the United States. If they refuse to co-operate, the US will cancel that license. Given the amount of fine they are willing to pay, it is clear that the US business is important and profitable to them.