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Bank Hapoalim: US tax settlement may be higher than $200m estimate

Israel’s Bank Hapoalim says the settlement of a tax probe by US authorities may be “significantly higher” than the $200m previously anticipated. Israel’s largest bank had previously set aside close to $200m to cover potential fines as US authorities investigate the bank and Bank Hapoalim Switzerland, its Swiss private banking…

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Click here to read the full story: Financial Times

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