BNP Is Latest Bank to Pay Fine in Sprawling US Messaging Probe

BNP Paribas SA is set to become the latest bank to pay a fine over the use of unapproved electronic messaging platforms.

The Paris-based firm has reached “proposed resolutions” with the Securities and Exchange Commission and the Commodity Futures Trading Commission that are linked to the use of unauthorized messaging services, it said in its half-year report Thursday. The settlements are “subject to finalization” by the two authorities.

BNP booked €125 million ($139 million) in legal provisions in the second quarter. While Chief Financial Officer Lars Machenil declined to say if that was related to the messaging probes, he said ...