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NYT: Credit Suisse, BNP Ask US Authorities for Leniency in Probes

BNP Paribas and Credit Suisse have appealed to U.S. authorities to allow their subsidiaries, rather than the parent companies, to plead guilty in investigations they are facing, The New York Times reported, citing people briefed on the talks. Prosecutors are investigating BNP over allegations that it violated U.S. sanctions against Iran and other countries, and are conducting a probe of Credit Suisse over allegations that it helped...

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