Rage in Israel as BNP Paribas pressured to pull out

24.11.2011                      27.Cheschwan. 5772                      Jom Kippur Katan

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Rage in Israel as BNP Paribas pressured to pull out

Bank of Israel Governor Stanley Fischer, Finance Minister Yuval Steinitz, Banks Supervisor David Zaken and their top officials believe the bank's board of directors caved to pressure groups, contrary to its claims.

The powers that be are furious at BNP Paribas for shuttering its operations in Israel, and suspect it is acting due to Arab and anti-Israeli pressure in France, the bank's home base.
Bank of Israel Governor Stanley Fischer, Finance Minister Yuval Steinitz, Banks Supervisor David Zaken and their top officials believe the bank's board of directors caved to pressure groups, contrary to its claims….