PARIS, June 6 A dispute between U.S. courts and
French bank BNP Paribas over alleged sanctions busting
could hurt trade treaty talks between the United States and the
European Union, French Foreign Minister Laurent Fabius said on
U.S. President Barack Obama has dismissed French calls to
intervene to help BNP Paribas, which faces pressure to sever
ties with senior executives and may need to pay penalties that
could top $10 billion, sources have said.
"This treaty can only exist on the basis of reciprocity,"
Fabius, who dined with Obama and President Francois Hollande on
Thursday, told RTL radio. "If, in the case of a European bank,
they were behaving in a unilateral way, and not on the basis of
reciprocity, that could have negative consequences."
(Reporting By Nicholas Vinocur; Editing by John Stonestreet)