Israeli Finance Minister Asks Knesset to Cap Banker Pay at $640,000 a Year

Moshe Kahlon seeks law that sets lower ceiling than the one sought by his predecessor, Yair Lapid, sought.

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Finance Minister Moshe Kahlon on Tuesday asked the Knesset Finance Committee to approve a law that would cap salaries for top financial-service executives at 2.5 million shekels ($640,000 ) a year, calling...