Analysis Sexual Assault, Hush Money and Billions Wasted – and Still the Bank of Israel Did Nothing

The central bank just released a limp report into the ‘Bank Hapoalim affair,’ in which it mildly chastised the bank for a scandalous cover-up after an employee claimed she had been harassed by the CEO. It’s indicative of its attitude toward big banks in an era of corruption and cronyism

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A senior employee at a major Israeli bank claimed that the bank’s CEO sexually assaulted her. What did the bank do? It hired lawyers, who suggested the bank pay her 6 million shekels ($1.75 million) to shut...