BREAKING NEWS

Source: New York regulator seeks $300m. from Bank Leumi in tax probe

By REUTERS

OCTOBER 29, 2014 05:42

New York state's financial regulator is seeking more than $300 million from Bank Leumi as part of a probe of whether the Israeli bank assisted US citizens in evading taxes, according to a person familiar with the matter.

Bank Leumi, Israel's second-largest bank, has been negotiating with US authorities for months to settle an investigation of possible tax evasion by the bank's American clients.

The penalty from New York state's Department of Financial Services, which regulates certain banks in the state, is separate from demands by federal authorities.

Taiwan says 14 Chinese military planes crossed strait's median line

By REUTERS

05/03/2024 04:08 AM

Ukraine may have talks eventually with Russia, intelligence officer says

By REUTERS

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Iran-backed militias in Iraq claim to target Israel with cruise missiles

By JERUSALEM POST STAFF

05/03/2024 12:50 AM

Boris Johnson, who introduced voter ID rule, forgets his while voting

By REUTERS

05/03/2024 12:13 AM