UPDATE 1-Israel's Bank Leumi in talks with SEC over U.S. clients

April 1, 2015 12:55 PM

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TEL AVIV, April 1 (Reuters) - Israel's Bank Leumi is in talks with the U.S. Securities and Exchange Commission (SEC) and could be required to make payments to the watchdog over securities held by its U.S. clients, it said on Wednesday.

Leumi, Israel's second-largest lender, has already agreed to pay $400 million to the Department of Justice and New York state to settle two separate investigations into whether the bank helped its U.S. clients to evade taxes.

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