Midweek Roundup: Fed Dings Turkish Bank for Sanctions, New York Heats Up as Destination for Dirty Money, and More

The origin of BNP Paribas' record $8.9 billion settlement for sanctions violations can be traced back to the 2006 filing of a lawsuit by a father who lost his daughter to a bus bombing in Gaza, The New York Times said. More Eight years later, the fallout of that case is such that the bank's rivals may be hesitant to temporarily take on the dollar-clearing business barred under Monday's deal, the Financial Times said. More But while former Credit Suisse Chairman Walter Kielholz has joined the chorus of non-U.S. bankers slamming the deal, according to More, some of BNP's...