BREAKING NEWS

US expresses concern about Israeli threats to sever relations with Palestinian banks

US Deputy Treasury Secretary Wally Adeyemo spoke with Bank of Israel Governor Amir Yaron on Monday and expressed Washington's concerns about some Israeli threats to sever correspondent banking relationships between Israeli and Palestinian banks.

"He expressed the United States government's concern about threats by some within the Israeli government to sever correspondent banking relationships between Israeli and Palestinian banks and insisted that these should be extended for at least a year," the Treasury Department said in a statement.