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Morning Scan: Turning the Screws on BNP Paribas

Receiving Wide Coverage ...

Regulatory Overreach? Some bank regulators are plunging the depths of the financial system to determine whether they can add on to the steep fine facing BNP Paribas, which has been charged with processing payments for companies and countries sanctioned by the United States. The Times points to rumors that Benjamin Lawsky, New York's Department of Financial Services, is considering a temporary suspension on BNP Paribas' dollar clearing. "The fact that regulators are…

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