REUTERS/Yves Herman
The Journal reporters say BNP faces a penalty of up to $9 billion. The bank is accused of intentionally hiding $30 billion-worth of transactions that violated U.S. sanctions. The dollar-trading ban would last several months, the pair write. President Francois Hollande has said the ban threatens the economic stability of the Eurozone.
The New York Department of Financial Services has also demanded the firings of 30 employees said to be involved in the allegedly illicit trades.