Israel at odds with major bank over CEO role

The Bank of Israel has criticised the state's second-largest bank for the lender's hasty appointment of a new chief executive.

The central bank, which also serves as the country's financial regulator, said that Hapoalim, the lender, had not followed procedure in appointing its new chief executive.

Hapoalim on Thursday had to publish the central bank's report at the request of the Israeli Securities Authority after Roni Hizkiahv, the supervisor of banks, and Stanley Fischer, the chairman of th