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

Adewale Adeyemo listens to questions during his Senate Finance Committee nomination hearing to be the next Deputy Treasury Secretary on February 23, 2021 at Capitol Hill in Washington, D.C. (AFP file photo)
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  • Israel’s military offensive in the Gaza Strip has killed more than 41,000 Palestinians, according to health officials in the Hamas-ruled enclave, and created a humanitarian crisis

WASHINGTON: 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.