Bank Leumi to pay $400 million settlement for clients' tax evasion

By REUTERS
December 23, 2014 03:55

Bank Leumi, Israel's second largest bank, will pay $400 million to settle two separate investigations into whether it helped its US clients evade taxes.

The lender also fired some senior employees who engaged in misconduct and agreed to have an independent monitor review its compliance programs, the New York State Department of Financial Services said in a statement.


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