Bank Discount has said that it will have to suspend doing business with its Palestinian counterparts unless Israel provides it with protection from legal action in the event that funds transferred to Palestinian banks were used for terrorist activities, following reports that bank officials believe that the bank is exposed to potential lawsuits. Many international banks prefer to use Israeli banks as an intermediary to dealing directly with the Palestinian banks.
Bank Hapoalim has said that it will have to suspend doing business with its Palestinian counterparts unless Israel provides it with protection from legal action in the event that funds transferred to Palestinian banks were used for terrorist activities, following reports that bank officials believe that the bank is exposed to potential lawsuits. Many international banks prefer to use Israeli banks as an intermediary to dealing directly with the Palestinian banks.