Georges Chodron de Courcel’s resignation after more than 40 years at BNP Paribas SA won’t soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.
Peregrine Financial Group Inc. Chief Executive Officer Russell Wasendorf Sr. said in a signed statement linked to his suicide attempt that he committed fraud for two decades at his Cedar Falls, Iowa-based company, according to a federal complaint.
HSBC Holdings Plc’s North American head Irene Dorner and global legal chief Stuart Levey will face Senate investigators’ questions about the firm’s failure to protect against money laundering, according to a list of witnesses released today.
Libyan rebels needed NATO’S military might to bring Muammar Qaddafi’s rule to the brink of collapse. About $50 billion in cash abroad means they can do without foreign aid to rebuild the country after a six-month conflict.
The U.S. and other world powers will assess the impact of sanctions on Iran over its nuclear pursuits at a meeting today at the United Nations, while holding out the prospect of diplomacy to resolve the dispute.
Defeating Muammar Qaddafi may turn out to be the easy part for Libya’s rebels. Managing the aftermath will test the loose alliance of former exiles, Arab nationalists, Islamists and regime defectors who united to boot out the dictator.