Wealth and Asset Management
Few Profits, Tax Probes Spur Israeli Lenders to Exit Private Banking
The news this week that Israel Discount Bank and Bank Leumi were selling their Swiss and Luxembourg private banking operations shouldn’t come as a surprise. Israel Discount Bank, the country’s third-largest lender, said Monday it was selling the operations of its Swiss unit to Hyposwiss Private Bank Geneve for 10.9…
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Click here to read the full story: haaretz.com