Midweek Roundup: Bank Leumi to Pay Nearly $300 Million in Tax Case, Prosecutors Call for U.S. Registry of Beneficial Owners, and More

One of Israel's largest financing institutions will pay approximately $280 million to the U.S. Justice Department to resolve allegations that the bank helped Americans skimp on their taxes, the Jerusalem Post reported Sunday. More Bank Leumi, which has set aside 950 million shekels for the pending fine, said it expects negotiations to end soon. More Nineteen current and former prosecutors and activists penned a letter to President Obama urging him to require companies to disclose their beneficial owners in a public registry, The New York Times reported Sunday. Earlier this year, Britain approved a similar plan to fight the use...