Banks Facing Growing Consumer Loan Risks
The double-digit coronavirus unemployment rate will make it hard for households to service debt
Michael Rochvarger
Israel's Azrieli Group Couldn’t Be Better Mall Owners, but Coronavirus Doesn’t Care
Despite its low debt, cash reserves, the Israeli mall owner’s shares have dropped nearly 40% in four months wiping out NIS 11.5 billion of its market cap
Israelis Have Halted Payments on Quarter of Home Mortgages Amid Coronavirus Slump
With a record 1 million registered as unemployed, payments are being frozen, possibly bringing banks’ decade-long profit engine to an end
Israel's Largest Bank Reaches $875 Million Settlement in U.S. Tax Probe
Sum is the second-largest recovery by the U.S. Justice Department in connection with investigations into offshore tax evasion by foreign banks
Israeli Businesses Say Government Coronavirus Aid Plan Falls Short
The Finance Ministry still hasn't published the details of its planned $1.4 billion in grants, which businesses are saying is nowhere near enough
There’s No Coronavirus Credit Crisis, Banks Are Lending, Bank of Israel Officials Assert
Demand for loans is growing and lending rates are rising as lockdown hits business, but banks are granting credit as per regulators’ suggestions
Coronavirus Outbreak Risks Control of Empires for Two Israeli Tycoons
Delek’s Yitzhak Tshuva and IDB group’s Eduardo Elsztain wrestling with nervous creditors as asset values plunge
Israeli Business Taking Steps to Cope With Coronavirus Threat
Companies cut back on travel, limit face-to-face meetings and hand out sanitizer, but some worry it’s still not enough
Apple Weighing Israeli Launch of Mobile Payments App
Move comes as Israel adopts EMV standards for payments and big changes underway in the payments industry
Israeli Firms Start to Feel Pinch of Coronavirus, but Aren’t Panicking
Stock exchange rebounds from Sunday’s selloff. Analysts say economic impact on Israel and the world hinges on how long the epidemic lasts
Israel's Bank Hapoalim Will Divest Remaining Isracard Stake as Stock Dividend
After months of debate, bank opts not to sell to strategic investor or via a share offering to the public
Record Number of Mortgages Taken Out in 2019, Bank of Israel Reports
Surge in borrowing to 67.6 billion shekels was due to a government program, which offered lower-priced housing to qualified buyers via a lottery ■ Bankers say trend will continue in 2020
Blackstone Wants to Buy Credit Card Issuer Isracard
Giant U.S. investment firm seeking deal at NIS 2.8 billion valuation, but Bank Hapoalim may prefer another exit
Israel's Political Crisis Already Impacting Economy
Bank Leumi official says the business sector is already feeling the consequences of Israel's lack of a 2020 budget, which affects government contracts, payments across sectors
Mizrahi-Union Merger Would Create an Israeli Bank That Could Take on the Big Boys
Deal that could change map of local banking won court approval last week
Analysis Israel's Bank Hapoalim Tax Probe Simmers Amid Mistrust
Winding up the U.S. investigation is top agenda item for the new CEO of Israel’s biggest bank
Chinese Corporation Wants to Regain Control of Israeli Partner Cellular Firm
China's Hutchinson is waiting for approval from Israel’s regulator for a strategic, long-term investment in Partner, some 10 years after it sold its controlling share in that company for billions of shekels in profit
New Israeli Bank, the First Approved in Four Decades, Is All Digital
Leading tech entrepreneurs Marius Nacht and Amon Shashua eye 2021 launch
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