Gov’t Probing Banks’ Failure to Assess Cost of U.S. Tax Probe

Israel Securities Authority requests clarifications after Hapoalim, Mizrahi fail to make provisions against U.S. investigation.

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In an unusual step, the Israel Securities Authority has begun examining the financial reports of Bank Hapoalim and Mizrahi Tefahot Bank, amid concerns that the two lenders may not have fully disclosed the...