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"Foreign companies will not invest in something that reeks of political problems – this could snowball."
Shari Arison, owner of Arison Investments, is Israel's wealthiest woman.
The main clauses of the bill include a separation of the major Israeli banks from Israeli credit companies. The three largest Israeli banks also currently own and operate the credit card companies.
The banks fear that if the caps apply retroactively and include severance pay and pensions, a much larger number of bank officials would be seeking to leave before the law goes into effect in October.
A Panama-based law firm leaked millions of records exposing a global network of tax havens.
What initially appeared to be a bank robbery gone wrong, turned out to be a revenge attack on the bank staff.