Bureaucratic Snafu Delays Internet Banking at Israel's Central Bank

The right to open a bank account over the Web was supposed to go into effect two weeks ago, but it didn't because a key document on the matter sat on a clerk's desk for two-and-a-half months.

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The right to open a bank account over the Internet – a key step in the Bank of Israel’s efforts to open the sector to more competition – was supposed to go into force two weeks ago. But it never did because a...