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BNP Paribas judged to have unfairly fired exec

Gavel

BNP Paribas unfairly fired an executive identified by New York’s banking regulator in an investigation into banned transactions with Iran, Cuba and Sudan, a London employment tribunal judge found in an order settling the case.

BNP Paribas wins reprieve

Justice Scales

BNP Paribas won a government waiver that lets affiliates continue to operate as asset managers in the U.S., something that was in doubt after the bank admitted violating American sanctions on nations such as Iran.

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