To Have and Have More: Discount Bank Employees Press on With Orgy of Pay Hikes

With the public clamoring for greater competition and lower prices in banking, well-compensated Israel Discount Bank employees shuttered their branches Thursday to attend a rally to protect their automatic pay raises.

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Israel Discount Bank customers arrived at their local branches Thursday to find they had been closed without notice. The reason: union demands, backed by the Histadrut labor federation, for the continuation of...