New Israeli Bank, the First Approved in Four Decades, Is All Digital
Leading tech entrepreneurs Marius Nacht and Amon Shashua eye 2021 launch
Michael Rochvarger
Israel's Cellcom Slates Big Layoffs to Cut Costs, Setting Off Strike
Pelephone also plans cuts as industry struggles with falling revenues, profits
Israeli American Billionaire Haim Saban Poised to Cede Partner Stake to Chinese Firm
The return of the communications provider to a Hong Kong company comes amid increased U.S. pressure to limit the role of China in key infrastructure projects in Israel due to concerns of espionage
Controlling Shareholder Plows $59m More Into IDB Holding Group
Eduardo Elsztain aims to head off the prospect of a 'going concern' warning by accountants
Analysis So, There Are Israeli CEOs Who Will Suffice With $1 Million Salaries
Israeli banks found three new quality CEOs in short order, even though the government has capped pay for financial-service executives
Instead of Banker, Israel's Bank Leumi Picks Lawyer as New CEO
Hanan Friedman will replace Rakefet Russak-Aminoach by the end of the year
Is Regulatory Relief Coming to the Ailing Cellular Sector?
Communications Ministry's vague offer to help sector didn’t offer much in the way of details, but investors believe it signals new approach
Analysis Will Bank Hapoalim’s Outsider CEO Undertake the Shake-up It So Badly Needs?
Named to the job this week, Dov Kotler could cap a career stained by the collapse of Prisma by making long-overdo changes at Israel’s biggest bank
Israel's Hapoalim, Discount Bank Name CEOs on the Same Day
Dov Kotler to take top spot at Hapoalim, Uri Levin at Discount; No. 1 job at Leumi unfilled, alone among top four
In First, Arab Israeli Appointed Chairman of Board at Israel's Biggest Bank
Samer Haj-Yehia, a current member of Leumi’s board, will succeed the outgoing David Brodet
CEO of Israel's Biggest Bank Announces Resignation
Rakefet Russak-Aminoach led Bank Leumi to record profits, market cap during her seven years as chief executive
Analysis Investors Growing Anxious About Elsztain’s IDB Group
Its debt woes are severe, confidence in his leadership has evaporated, and institutions want him to inject capital
Israel's Teva Plunges on Opioid Settlement, Bezeq on Write-off Woes
Investors fear the drugmaker will pay billions for its alleged role in the U.S. opioid epidemic, while the communications giant has been stung by losses at its satellite TV unit
Report: Israeli Banks Paying Fat Salaries to More Staff Even as Overall Payrolls Declined
Number of workers earning one million shekels or more grew 18 percent in 2018, Israel central bank says
Delek Signs Binding Pact to Sell Insurer Phoenix
U.S. private equity funds Centerbridge, Gallatin will pay NIS 1.72 billion for controlling 32% stake
Israeli Bank and Financial Shares Worth $3 Billion on the Block
The business concentration law and other legislation are forcing controlling shareholders to bail out. Fortunately for them, bank shares have soared
Bankrupt Israeli Businessman Hid Over $27 Million in Assets in Europe, Says Trustee
Info is based on report by Black Cube investigators who claim that the businessman’s reps tried to sell them projects in Germany
Union’s Horesh Purchases 33% of Super-Pharm
The chain is currently in a challenging retail environment, due both to increasing regulation and to competition
Gad Zeevi Returns After 20 Years With New Bid for Bezeq
The offer sends shares of the beleaguered telecoms group soaring
Isracard IPO Draws Big Investor Demand
Institutional investors placed 2.5 billion shekels in orders
IDB May Be Forced to Undertake Massive Asset Sales Affecting Major Israeli Companies
Debt woes grow for Elsztain empire after Cellcom’s fourth-quarter loss
Ailing Cellcom Putting Elsztain’s Empire in Jeopardy
The cellular company may need a capital infusion and that could upset the IDB group’s delicate debt position
Israel's Third-largest Bank to Pay $195 Million Over Helping Clients Evade Taxes
Bank engaged in schemes to hide clients’ funds so they could avoid paying U.S. income taxes between 2002 and 2012, according to Justice Department
Mozes Seeks Loan to Boost Stake in Yedioth, While Facing Charges in Netanyahu Case
Publisher would pay $82.8 million for Bank Hapoalim’s share, while facing uncertain legal status after being named by the attorney general for attempted bribery in Netanyahu case
Africa Israel Deal Close as Bondholders Accept Offer
Mega Or and Big Shopping Centers make last-minute bid to buy company’s chief asset, pushing out Moti Ben-Moshe
Regulatory Surprise May Snag Sale of Leumi Card to Warburg Pincus
Officials scrambling for solution after Bank of Israel official says that three insurers financing the $690 million deal must get a control permit
Google Pay Preparing to Launch Its Digital Wallet Service in Israel
Move comes as local banks and credit card issuers stake out places in emerging segment
Shari Arison, Israel's Wealthiest Woman, Divests Her Empire at Bargain Basement Prices
Billionaire heiress has sold two businesses at steep discounts and looks to be doing the same with Bank Hapoalim
Bezeq Group Could Be on the Verge of Collapse Amid Growing Debt Problems
The latest effort by Internet Gold to sell control of Israel's largest telecommunications yields no buyers as foreign investors weigh down the company's stocks
Arnon Mozes to Buy 34% of Israel's Largest Newspaper, Doubling His Stake
Mozes is apparently strengthening his hold over Yedioth Ahronoth in anticipation of an indictment in Netanyahu's corruption charges