Title

Jimmy Gurule talks to NPR on U.S. Tip-Toes Closer To Unprecedented Fine On French Banking Giant on June 23.

Document Type

News Article

Publication Date

6-23-2014

Abstract

Jimmy Gurule talks to NPR on U.S. Tip-Toes Closer To Unprecedented Fine On French Banking Giant on June 23.

JIMMY GURULE: The amount of the fine will be the largest ever imposed against a bank for violating U.S. economic sanctions.

GURULE: The fact remains that they could lose a lot of clients. A lot of their clients could say, well, look, if we can't get this service from you, we're going to take our business to another bank where we can receive this service.