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BRIEFLY

Banking & Finance

June 03, 1994|From Times Staff and Wire Reports

Los Angeles Branch of Swiss Bank Fined: The local office of Habib Bank was one of three companies agreeing to pay civil penalties imposed by the U.S Commerce Department for alleged violations of regulations against boycotts of Israel. While neither admitting nor denying guilty, the Habib Bank branch agreed to pay $9,000. The two other companies are a Concord, Mass., medical supplies exporter and a Berkeley Heights, N.J., freight forwarder.

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