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Israel’s Bank Leumi Boosts Provisions for U.S. Tax Probe
Bank Leumi Le-Israel Ltd. said it’s setting aside more cash to cover the costs of an investigation by New York’s banking regulator into whether the second-largest Israeli bank helped U.S. citizens evade taxes. The lender, based in Tel Aviv, increased provisions by 476 million shekels in the third quarter to…
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Click here to read the full story: Bloomberg