Israeli banks meet over Wall Street crisis

The head of the Bank of Israel met with Israel’s seven major banks to see how they were affected by the troubles on Wall Street.

 

Stanley Fischer, governor of the Bank of Israel, called the emergency meeting Wednesday after ordering the banks to report their amount of exposure to foreign banks securities.

 

Four of the banks hold investments in Lehman Brothers’ bonds, but the fallout from the crisis is expected to be minor.

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