Israel-based Bank Leumi last week agreed to pay a total of $400 million to resolve charges that it conducted an illegal cross-border scheme to assist U.S. clients in evading federal and state taxes by hiding income and assets in offshore bank accounts in several countries around the world. Bank Leumi Group will pay a total […]

Benjamin Lawsky has changed the legal landscape for Bank Leumi Le-Israel, which would be the first Israeli bank to settle a tax probe with the U.S. The Justice Department secured a guilty plea in May from Credit Suisse Group AG’s main bank subsidiary. New York’s banking regulator will ask for more than $300 million to […]