Good news from the New York Post, :
February 9, 2005 — A top Middle Eastern bank is closing shop in New York and around the United States in the wake of allegations that it supports terrorism and administers a “life insurance” plan for Palestinian homicide bombers.
In announcing the closures yesterday, the Jordan-based Arab Bank said it is part of a strategy “to focus operations on the Arab region and Europe.”
But Arab Bank has increasingly come under fire over allegations that it funnels money to Palestinian terrorist groups, including Hamas and Islamic Jihad.