Sponsored by BNP Paribas

News of the probe comes little more than a week after French banking firm BNP Paribas pleaded guilty to felony charges in a U.S. court.

The major French bank admits doing business with Iran and other U.S.-sanctioned countries, including Sudan and Cuba.

The French bank pleaded guilty to one count of falsifying business records and one count of conspiracy.

BNP is expected to plead guilty to a criminal charge in Manhattan Federal Court on Monday.

BNP Paribas may enter a $9 billion settlement with U.S. authorities that could prevent it from making U.S. dollar-based transactions for months.

The bank is expected to admit it hid transactions that routed funds to sanctioned countries like Sudan, Cuba and Iran.

BNP Paribas has been negotiating on an almost daily basis with U.S. authorities for weeks.

Evasion of Iran sanctions by French banking giant PNB Paribas at issue.

OPEC, the group of major oil-producing countries, tried to allay concerns that oil output would not be enough to meet rising global demand in the second half of this year.

French Foreign Minister Laurent Fabius says it will defend BNP Paribas against "unreasonable" U.S. penalty.

Till date, government ministers have said little in public about BNP Paribas' negotiations with U.S. authorities.

U.S. regulators' plan to fine BNP Paribas $10 billion has as much to do with politics as with finance -- and Europe can't do much about it.

Credit Suisse investors are confident despite a $2.5 billion fine and guilty plea, and analysts say this is the new normal for big banks.

In a video on the Justice Department's website, U.S. Attorney General Eric Holder said legal action against financial institutions is imminent.

The latest case will follow JPMorgan Chase, which paid $13 billion last year to settle mortgage-related charges, and HSBC, which paid $1.9 billion.

Global markets on alert, with the crisis in Ukraine to euro zone inflation and beyond.

Novak Djokovic won the Sony Open in straight sets, 6-3 6-3.

Some farmers in Vietnam may hold their coffee beans as a hedge against inflation in local currency.

Robusta coffee has won over consumers more quickly than its established rival Arabica coffee.

Declining prices for gold futures are sending Italy's used gold brokers into a tailspin.

Given the U.S. economy's size, it's almost impossible for claims to fall below 300,000 - but we're making a run at it.

China's anti-trust probe may be motivated by potential benefit for state-owned telecom companies.

When trouble arrives, banks often depart, and access to cash becomes difficult. This is the story of how people bank in conflict zones.

Asian markets rally on Bernanke's comments about the continuation of the Fed’s stimulus program while the FOMC remains divided on the question.

The number of initial jobless claims rose by 10,000 to 354,000, and the key four-week moving average also increased to 347,250.

China records 13 million abortions annually, or 1,500 every hour.

Novak Djokovic and Andy Murray will be in action on Tuesday at the BNP Paribas Open in Indian Wells.

Leonardo Mayer withdrew in the third-round match with a back injury.

The BNP Paribas Open is heating up for top seeds.