Bank Hapoalim has denied reports from "Globes" that it will sell its Swiss operations following examinations of its deployment in international private banking. The bank said on Monday the review was part of a broader effort to improve its compliance with anti-money laundering and know-your-customer requirements.
Bank Hapoalim has denied reports from "Globes" that it will sell its Swiss operations following examinations of its deployment in international private banking. Calling its Swiss branch a strategic asset, the bank did not deny plans to sell its Latin American banking operations, two branches based in Uruguay.