Five banks investigated for allegedly coordinating commission rates

The Israel Antitrust Authority will summon representatives of the country's five large banks to a hearing on suspicions that they coordinated the rates of commissions they collect from clients, and shared information on future rates. Israel Radio reported that the decision came following three years of investigation of Bank Leumi, Bank Hapoalim, Israel Discount Bank, Bank Mizrahi and First International Bank. Bank Hapoalim and Bank Leumi denied the allegations.