The chairman of BNP Paribas plans to resign in the aftermath of the French bank's record USD 8.9 billion fine for violating US sanctions, a person familiar with the matter said today.
Baudouin Prot, 63, has told the board that he will step down, said the person, who spoke on the condition of anonymity.
The move comes almost three months after the giant French bank pleaded guilty to US criminal charges of violating sanctions on Iran, Sudan and other countries.
