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
Michael Rochvarger
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
Israeli Bond Investors Turn Sour on U.S. Property Companies
Doubts about their corporate governance and ability to cover their obligations have sent prices sharply lower
Netanyahu's Case 4000 Taking Toll on Banks
The investigation into the bribery case has left Bezeq with difficult-to-sell assets inherited from Shaul Elovith
Analysis Bad News for Israeli Bankers: The U.S. Has a New Policy on Corporate Crime
Deputy Attorney General Rod Rosenstein is introducing a new policy to impose penalties on corporations that engage in misconduct
Israel Banks Celebrate Rate Rise While Real Estate Sector Rues Move
Economists are praising the surprise decision by the Bank of Israel to hike its base rate for the first time in seven years
Israeli Banks to Offer Small Businesses a Fixed-fee Package
The Bank of Israel’s supervisor of banks, Hedva Ber, announced Sunday a move to reduce the bank fees paid by small businesses.
Discount Bank in Bid to Buy Dexia Israel for $187 Million
The tie-up is likely to win approval by Dexia’s shareholders but could be blocked by the antitrust authority
Mizrahi Takes $116.5 Million Provision on U.S. Tax Probe, Halting Dividend
The bank is moving to cut profits by nearly 50% in its second quarter, but nevertheless its shares rally on signals that probe is winding up
Business in Brief: SodaStream Staff to Get 18,000 Shekels Each as Bonus After Sale to PepsiCo
IMI wins giant Israel Defense Ministry contract as Elbit is set to acquire company ■ SodaStream staff to get 18,000 shekels each as bonus after sale to PepsiCo ■ Rafah reaches deal to produce pharmaceuticals in Israel for Teva
Business in Brief: Experimental Ebola Treatment Approved for Use in Congo
Gilead Science’s experimental ebola treatment approved for use in Congo ■ Bank regulator extends benefits to encourage downsizing ■ BiondVax Pharmaceuticals CEO admits to insider trading, to pay 70,000 shekel fine
Bank Hapoalim Suspends Its Quarterly Dividends
The decision comes amid concerns that U.S. tax probes may be more costly
Despite Questioning, Bribery Probe Said Unlikely to Touch Shari Arison
Source says billionaire probably had no inside knowledge of day-to-day operations at Housing & Construction, not at risk of losing Hapoalim license
TechNation: U.S. Law Firm Launches $30 Million Fund to Finance Lawsuits by Israeli Startups
Emergency callout platform startup Carbyne now has Peter Thiel as an investor ■ Hebrew University, Technion advance in Shanghai Ranking
Israel's Mizrahi Bank Pays for Playing Tough With U.S. Regulators
Justice Department seeks $347 million in penalties in tax probe
Business in Brief: SodaStream Shares Soar as Net Profit Climbs
Leumi not allowed to buy back Leumi Card unit ■ Israel Chemicals reports a 77% increase in profit ■ Non-profit urges boycott of bond issue by Elad Canada ■ SodaStream turns in 82% increase in second-quarter net profit
Analysis Bank Hapoalim’s Choice: Bad, Worse or Worst
Israel’s biggest bank has to sell its credit unit, but it will be hard-pressed to match the rich valuation that rival Leumi got for Leumi Card this week