Hapoalim accused of hiding structured product fees

An application for a class action against Bank Hapoalim was filed this week at the Tel Aviv District Court, reports the Jerusalem Post. Ella Politis, a Jerusalem-based client of the bank has brought the ILS500m ($1.179m) suit claiming that the bank has failed to disclose the margin on structured product sales and to disclose preferable alternatives to the customer.According to the paper the claim states that: “No customer would ever knowingly agree to pay a ILS700 ($165)commission for investing