Israeli Banks Begin Pondering Pay Caps

It isn’t yet clear whether the cap applies to severance pay, but if it does and causes an exodus of top bankers, banks will find themselves saddled with tens of millions of shekels in costs this year.

Michael Rochvarger

Apr 07, 2016 3:18 AM

Just a week after the Knesset passed legislation placing a cap on pay in the financial services industry, Israel’s banks have begun campaigns to keep their top executives from fleeing.

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