> Tens of billions in transactions, 8.9 billion in fines. It was probably worth it even after getting caught.
For the bank? It would have to be retaining a ludicrously high share of the value of each transaction for that to be true -- the transactions were $30 billion, so BNP Paribas would have to have retained nearly a third of the values of the transactions it concealed to break even with a $9 billion fine.
I have lost my job for not being enough of a "team player." Banksters lose their jobs if they violate international law to fund terrorist murder. I hope the stinging from their slap on the wrists isn't too painful. You see, wealthy bank employees have much more sensitive skin than us average folk.
For the bank? It would have to be retaining a ludicrously high share of the value of each transaction for that to be true -- the transactions were $30 billion, so BNP Paribas would have to have retained nearly a third of the values of the transactions it concealed to break even with a $9 billion fine.