Israel’s Largest Bank Pays $874 Million in U.S. Tax Evasion Case

New York prosecutors say Bank Hapoalim hid more than $7.6 billion in Swiss and Israeli bank accounts 

Bank Hapoalim BM entered into a three-year deferred-prosecution agreement, while the bank’s Swiss subsidiary, Bank Hapoalim Switzerland, pleaded guilty to tax evasion.

PHOTO: ABIR SULTAN/EUROPEAN PRESSPHOTO AGENCY

By 

Rebecca Davis O’Brien