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Economy - International

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The U.S. has been investigating European banks regarding sanctions violations for more than five years and still has several cases outstanding. A penalty close to $9 billion for BNP would be the largest by far for violating U.S. sanctions.

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A new international bank, centered on the nations of Brazil, Russia, India and China could so rival the International Monetary Fund. However, the plan is delayed as the four BRIC nations discuss where the bank should be headquartered. The new ins

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