(Bloomberg) -- Georges Chodron de Courcels resignation after more than 40 years at BNPParibas SA wont soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.
The departure of co-Chief Operating Officer Chodron de Courcel may help satisfy one demand from New York States top banking regulator, Benjamin Lawsky, who had pressed for his dismissal along with about 12 other BNP employees and has threatened to suspend the banks dollar-clearing ability, a person familiar with the matter has said.
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