Summers Said to Turn Down Request to Run Bank of Israel

Former U.S. Treasury Secretary Lawrence Summers rejected an approach about taking charge of Israel’s central bank after missing out on the Federal Reserve’s top job, according to a person with knowledge of the appointment process.

Prime Minister Benjamin Netanyahu asked Summers to take the Bank of Israel job during his visit to the U.S. starting in late September, the person said, declining to be identified because of the issue’s sensitivity. A spokeswoman for Summers, Kelly Friendly, said he would have no comment.