The banking watchdog at the Bank of Israel, Roni Hizkiyahu, intends to reduce the number of fees the banks can charge
Six months ago UBank decided to sell a portfolio of few dozen bond series for which it had been providing trust services.
Analysts breathed a sigh of relief as Bank Hapoalim finally shed its mortgage-backed securities (MBS) portfolio - and dispelled the uncertainty factor.
Hapoalim stock shot up by 5.4% on the Tel Aviv Stock Exchange, on huge turnover of NIS 450 million. On the eve of the subprime meltdown, Hapoalim's share price was NIS 22, representing a market capitalization of NIS 28.4 billion.
Bank Leumi, represented by Avi Zeldman, CEO of Leumi & Co. Investment House, is apparently negotiating with Elco Holdings over the purchase of a 20% stake in Electra Consumer Products Israel.
Epsilon challenges S&P Maalot on funds.