Report: Bank Hapoalim CEO resigns under pressure from Fischer

June 1, 2009 22:06


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Dan Dankner, the embattled chief executive officer of Bank Hapoalim, resigned Monday under pressure from Bank of Israel Governor Stanley Fischer, Israeli TV reported. Fischer targeted Dankner weeks ago in an unprecedented campaign against Bank Hapoalim and its owner, billionaire Shari Arison. Arison lined up squarely behind Dankner, publicly accusing Fischer of improper intervention in her bank's affairs, but Fischer kept up the pressure. Israeli TV said Dankner would leave his position in two or three months. But the station's veteran economic affairs analyst, Oded Shahar, noted that Fischer had not made the content of his complaints about Dankner public, and no one knows exactly why he wanted Dankner ousted.

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