Haaretz in Israel on 4th September reports that the decline is largely due to fears of Israeli banks tangling with US authorities over money laundering charges. 2 banks have already paid over $300 million each in fines and penalties to US authorities. It remarks on closures of overseas offices of banks, and the link to real estate investment in Israel.
https://www.haaretz.com/israel-news/.premium-foreign-deposits-in-israeli-banks-have-shrunk-by-nearly-30-billion-1.6445448
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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