Wednesday October 22, 2014


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Hollande says he will raise US investigation of BNP Paribas bank with Obama during dinner

French President Francois Hollande addresses the media during a G7 summit at the European Council building in Brussels, Wednesday June 4, 2014. The leaders of the G7 will deliberate their next steps in response to the enduring unrest in Ukraine, after sidelining Russia for its role in the crisis. (AP Photo/Yves Logghe)

BRUSSELS - French President Francois Hollande (frahn-SWAH' oh-LAWND') says he wants to discuss with President Barack Obama a potential multibillion-dollar fine that France's largest bank is facing in the United States.

American authorities are investigating BNP Paribas for allegedly handling currency transactions through its New York office for clients in Iran, Sudan and Cuba in violation of U.S. trade sanctions.

The White House has said the Justice Department is handling the bank investigation and that Obama plans to focus on Ukraine and other counterterrorism matters when sees Hollande on Thursday. The two are having dinner in Paris ahead of commemoration of the D-Day anniversary in Normandy.

But Hollande told reporters travelling with Obama that he plans to raise the issue. He says it has an impact on the French and European economies.


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