Symphony Symphony CEO David Gurle. Symphony, the secure chat app backed by some of Wall Street’s biggest banks, has raised $ 63 million (£48.8 million). Palo Alto-based Symphony announced on Tuesday that it has raised the sum from French bank BNP Paribas and its existing shareholders, which include Goldman Sachs and Google. Olivier Osty, BNP […]

REUTERS/Julien Muguet BNP Paribas Chief Executive Jean-Laurent Bonnafe For weeks there have been reports that BNP Paribas, the largest bank in France, would face a massive fine and be barred from trading in dollars for violating U.S. sanctions. Now it’s official, the bank will pay $ 8.8 billion in addition to pleading guilty to sanctions […]

PARIS (June 3): France’s foreign minister on Tuesday labelled as “unreasonable” a $ 10-billion-dollar fine the US is reportedly seeking from BNP Paribas bank on charges of violating sanctions on Iran, Sudan and Cuba. In the first public comments by a senior French official on the high-profile case, Laurent Fabius said in a television interview […]