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BNP Paribas to pay $350m to settle New York currency-rigging investigation

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Financial Services Superintendent Maria T. Vullo announced Wednesday that BNP Paribas S.A. (BNPP) and its New York branch will pay a $350 million fine as part of a consent order entered into with the New York State Department of Financial Services (DFS) for significant, long-term violations of New York banking law arising out of the Bank’s global foreign-exchange business.

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