Frontrunner for Israel bank job pulls out

THE ISRAELI Prime Minister’s nominee to be the next Bank of Israel governor withdrew his candidacy for the role yesterday. Jacob Frenkel, who previously held the top job at the Bank during the 1990s, was expected to return for another stint. Yet his candidacy has been hit by newspaper allegations that he had taken a bottle of perfume from a Hong Kong airport shop in 2006 without paying for the item. A new candidate will be named soon.