Bank to pay US Virgin Islands to settle lawsuit alleging it abetted 'operation and concealment' of pedophile's trafficking activity

Ex-Bank of Israel chief, who later chaired JP Morgan's int'l business, says PM shouldn't brush off concerns expressed by US banking giant: 'There's a danger of losing everything'

Premier reportedly appeals to international ranking companies, banks to convince them government proposals won't damage economy, don't justify downgrade

Plaintiffs say institutions provided disgraced financier 'an appearance of legitimacy' and facilitated ongoing sexual abuse