BNP Paribas has neared a deal with US prosecutors that would see the French bank pay US$8bil to US$9bil and accept other punitive measures for violating American sanctions against Iran, Sudan and Cuba between 2002 and 2009 by handling up to US$100bil's worth of transactions with them - AFP Photo.
PARIS: BNP Paribas SA is climbing into the top tier of European investment banks as the industry’s struggling giants retreat.
The French bank ranked third among European firms in global markets revenue at the end of March, after boosting trading income by about US$1bil in the preceding 12 months, data compiled by Bloomberg show. Deutsche Bank AG, Credit Suisse Group AG and Barclays Plc saw trading revenue decline.
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