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The French bank reports that it is wrapping up a sanctions investigation by seven U.S. authorities, and has set aside more than a billion dollars to cover a future penalty.
Société Générale officials report that they are working with seven major American authorities to resolve a U.S. sanctions investigation, and that an ultimate settlement may cost the French banking giant $1.27 billion (€1.1 billion), which adds to the bank’s list of sanctions and regulatory compliance woes. “ … Société Générale has entered into a phase...
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