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The union, which represents 15,000 American Airlines pilots, said “it’s time” to move beyond the labor contract borne out of bankruptcy, to pursue a revised agreement amid booming demand for air travel. APA President Daniel Carey said the union intended to conclude the negotiations for the new contract in a matter of months rather than years. American said it was eager to build on its relationship with its pilots as they enter negotiations how to use cufflinks uk sale. The carrier gave its pilots a mid-contract pay increase in 2017 here..
PARIS/WASHINGTON (Reuters) – French banking giant Societe Generale on Monday agreed to pay U.S how to use cufflinks uk sale. federal and state authorities $1.4 billion to resolve pending legal disputes. The bank agreed to pay $1.34 billion to settle investigations into its handling dollar transactions in violation of U.S. sanctions against Cuba and other countries, the bank and the U.S. authorities said in separate statements. Additionally, the bank said it agreed to pay $95 million to settle another dispute over violations of anti-money laundering regulations..
SocGen, as the bank is informally known, has been dogged for more than a year by a series of costly legal disputes. The last case it said remained to be settled was the one related to dollar transfers made on behalf of entities in countries subject to the U.S how to use cufflinks uk sale. economic sanctions. “We acknowledge and regret the shortcomings that were identified in these settlements, and have cooperated with the U.S. Authorities to resolve these matters,” the bank’s Chief Executive Frederic Oudea said in a statement..
“These resolutions, following on the heels of the resolution of other investigations earlier this year, allow the Bank to close a chapter on our most important historical disputes,” he added. From 2003 to 2013, the bank executed billions of dollars in illegal transactions to parties in countries subject to embargoes or otherwise sanctioned by the United States, including Iran, Sudan, Cuba and Libya, the authorities said. The fines were issued by the Federal Reserve, U.S. Department of Justice, the U.S how to use cufflinks uk sale. Treasury’s Office of Foreign Assets Control, the New York County District Attorney’s Office and the New York Department of Financial Services..
The $1.34 billion in penalties is the second largest imposed on a bank for violating U.S. sanctions, according to the Manhattan U.S. Attorney’s office how to use cufflinks uk sale. SocGen’s French rival BNP Paribas agreed to pay $8.9 billion in a settlement on sanction violations in 2015. SocGen has also signed deferred prosecution agreements, which provide that, following a three-year probation period, the bank will not be prosecuted if it abides by the terms of the agreements. In a statement, the bank said the fine was entirely covered by the provision for disputes booked in Societe Generale’s accounts and that the settlement would not have an additional impact on its results for 2018..