Leumi Sees Fines in Tax Probe

Leumi Switzerland is currently under investigation by U.S. authorities in a probe that encompasses 10 other Swiss-based banks, including local units of Bank Hapoalim and Mizrahi Tefahot Bank.

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Bank Leumi could face stiff penalties if U.S. investigators conclude that its Leumi Private Bank Switzerland unit abetted tax evasion, the bank has warned...