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 rules as
early as Monday, reports suggest.
The
Financial Times and New York Times also report that the bank will
