From the Wall Street Journal:

  • BNP Paribas and U.S. prosecutors have agreed to broad terms of a deal in which the bank would pay $8 billion to $9 billion and accept other punishment based on what investigators say is evidence the bank intentionally hid $30 billion of financial transactions that violated U.S. sanctions, according to people close to the probe.

Deal would include:

  • A guilty plea to a criminal charge of conspiring to violate the International Emergency Economic Powers Act
  • And a temporary ban—likely lasting a period of months—on the company’s ability to transact in U.S. dollars (This, according to several people familiar with the discussions).

Also:

  • The departures of more than 30 bank employees. The Journal reports that majority of those people have already left the bank.

More at the Wall Street Journal (gated): BNP Near Settlement With U.S. for Up to $9 Billion