BNP Paribas To Fight €63M Check Fee Antitrust Fine

Law360, New York (October 7, 2010, 6:32 PM EDT) -- Banking giant BNP Paribas SA has reportedly joined two other French banks to appeal a combined €237 million ($330 million) in fines imposed by France’s competition watchdog for allegedly fixing prices on check clearing fees.

BNP said Thursday that it would fight a €63 million penalty issued by L’Autorite de la concurrence, which accused BNP and 10 other banks of conspiring to illegally levy fees on checks exchanged in France, the Wall Street Journal reported.

A representative for BNP’s Paris office didn’t respond to requests for...
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