Obama lets down Hollande in Paribas case

President Barack Obama dismissed on 5 June 2014 any prospect that he might intervene to help BNP Paribas bank, which risked losing one of its most senior executives over US allegations of sanctions busting.

The French government warned that if US regulators imposed a record-breaking fine of $10 billion (€7.34 billion) against the bank, the talks for the Transatlantic Trade and Investment Partnership (TTIP) might be affected.

• Primary Source

France 24, 05.06.14: France warns BNP fine could affect US-EU trade deal http://www.france24.com/en/20140605-france-warns-bnp-paribas-fine-sapin-usa-eu-trade-deal/

EurActiv, 06.06.14: French government consider BNP affair 'serious problem' to TTIP talks http://www.euractiv.com/sections/euro-finance/french-government-consider-bnp-affair-serious-problem-ttip-talks-302662

EUObserver, 13.06.14: EU commissioner steps into BNP Paribas row with US regulators http://euobserver.com/economic/124598

BBC News, 13.06.14: BNP Paribas: EU's Barnier wants 'fair' US action over fine http://www.bbc.co.uk/news/business-27824424

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