Bank of Israel Governor Stanley Fischer, Finance Minister Yuval Steinitz, Banks Supervisor David Zaken and their top officials believe the bank's board of directors caved to pressure groups, contrary to its claims.
This is the first case in years of a foreign bank leaving Israel. BNP Paribas has had operations in Israel since 2003. Most of its business here involved financing large projects that involve French companies.
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Whew! Let's hope that they can hold out against the backlash.
ReplyDeleteKeep up the pressure, mes braves.