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Signature, a New York bank led by frugal CEO Joseph DePaolo, is laser-focused on commercial clients and niche lines in an age when others are trying to be all things to all people.
October 10
The Federal Reserve Board has freed Bank Hapoalim from an order that had required the Israeli bank to tighten its anti-money laundering oversight.
The Fed terminated an enforcement action with the Tel Aviv bank that was designed to address concerns about internal control issues at a Miami branch. The Fed said it terminated the order on Oct. 4.
The 2009
Bank Hapoalim's Miami branch focuses on providing private-banking services to foreign citizens, the company said in its latest annual report. Bank Hapoalim also has a New York branch, which focuses on commercial banking for Israeli companies, private banking and wealth management.