BNP Paribas Guilty Plea Is Latest Big Settlement to Bolster New York State’s Fiscal Position by SUSANNE CRAIG and JAMES C. McKINLEY Jr.

By SUSANNE CRAIG and JAMES C. McKINLEY Jr.

The French banking giant’s agreement to plead guilty to federal and state criminal charges and to pay an $8.9 billion penalty is a sweet windfall for the taxpayers of New York.

Published: July 2, 2014 at 4:00AM

from NYT N.Y. / Region http://ift.tt/1m773Th

via IFTTT

from WordPress http://ift.tt/1rfCnTe