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.

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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