Better late than never
EVER since 1988, when the Israeli government was forced to buy the country's biggest banks after a financial scandal, politicians have tried—and failed—to return them to the private sector. Now the politicians can claim a success. On September 5th, 43% of Bank Hapoalim, the biggest bank, was sold to an Israeli-American consortium. An upheaval in Israeli finance may soon follow.
This article appeared in the Finance & economics section of the print edition under the headline “Better late than never”
From the September 13th 1997 edition
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