Reported about 8 hours ago
BNP Paribas stated in a recent call that it has made no financial provisions for litigation related to Sudan, according to CFO Lars Machenil. This announcement follows a federal jury's ruling ordering the bank to pay $20.5 million to Sudanese plaintiffs for human rights abuses. Despite the verdict, Machenil maintains that the verdict is erroneous and anticipates it will be overturned, characterizing the situation as a private legal dispute without broad implications.
Source: YAHOO