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BNP Paribas executive Chodron de Courcel to quit

French bank is being investigated for alleged sanctions busting

BNP Paribas' chief operating officer Georges Chodron de Courcel is leaving his post at the end of June, several months before his retirement, the French bank said on Thursday.

The top executive's departure comes as US authorities push BNP Paribas to pay more than $10 billion and plead guilty to settle investigations into its alleged transactions with Sudan, Iran and other countries subject to US sanctions, according to people familiar with the matter. BNP Paribas has said it is cooperating with the investigations.

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