Kahlon Readies to Challenge Bank of Israel on Credit Cards

Finance minister-designate wants to split off issuers from the banks, a move Governor Karnit Flug opposes.

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Moshe Kahlon is still not finance minister, but he looks to be heading for his first clash with the Bank of Israel and its governor, Karnit Flug, over his plan to divest the banks of their credit card units.