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Bank Leumi New York loss. (Bank Leumi Trust Company of New York) (Banking)
Bank Leumi New York Loss
Bank Leumi Trust Company of New York registered a loss of $28.2 million in 1990 compared to a 1989 profit of $1.1 million. The loss is partly due to provision for bad debts amounting to $64 million compared to $44.1 million in 1989. The deterioration in the bank's position was also attributed to the current …
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