Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
Bank Hapoalim, which has been under investigation by the US Department of Justice for allegedly helping American citizens evade taxes, told its shareholders Wednesday that it was setting aside an additional $75 million to cover a potential settlement with the US government. This brings the total amount it has set aside for this purpose to $343 million or NIS 1.2 billion.
Hapoalim said that as the investigation — details of which are not publicly available — proceeds, more of its clients may be relevant to the investigation than it previously thought.
The bank said in a message to its shareholders that the amount to be set aside could potentially climb even higher.
https://www.timesofisrael.com/bank-hapoalim-sets-aside-extra-75-million-over-us-investigation/
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