(Bloomberg) Bank Leumi Le-Israel Ltd. said it’s in advanced talks to settle a U.S. investigation into whether it helped Americans evade taxes, in a deal that two people familiar with the matter said won’t include a guilty plea.
The bank, Israel’s second-largest, said it set aside 950 million shekels ($275 million) to resolve the probe. Leumi’s settlement will involve matters related to its Swiss unit as well as those outlined in criminal charges against several taxpayers in federal court in Los Angeles, said one of the two people who requested anonymity because they weren’t authorized to discuss the case publicly.
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