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Societe Generale Will Pay $1.4 Billion For US Legal Cases

2018-11-21 3 Dailymotion

Reuters reports that French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities more than a billion dollars. This in order to resolve pending legal disputes.<br />The bank and the U.S. authorities said in separate statements, the bank agreed to pay $1.34 billion to settle investigations into its handling dollar transactions in violation of U.S. sanctions against Cuba and other countries.<br />Additionally, the bank said it agreed to pay $95 million. <br />

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