Private bank faces lawsuit threat over Lehman investments
Hapoalim Swiss, which is part of Bank Hapoalim International and specialises in private banking, has been accused by Zurich attorney Daniel Fischer of misleading its clients into making high-risk investments with Lehman Brothers just before the Wall Street bank’s bankruptcy last year, according to a report in Ynetnews.
Fischer, who has threatened to sue the bank, claims that Hapoalim’s aggressive marketing methods created the impression in customers’ minds that Lehman was a risk-free investment.
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