Digital-bank Plan by Israel's Bank Hapoalim Raises Concerns
Regulators taking a look as critics warn expansion of its Bit app may violate competition laws
Michael Rochvarger
Israeli Auto-tech Startup Arbe Eyes IPO at Valuation of Up to $450 Million
The company aims to raise $100 million in capital, with sources saying it currently favors listing first on Tel Aviv Stock Exchange and later in New York
After Leaving the White House, Kushner Sets Sights on Tel Aviv Stock Exchange
Sources say Kushner is looking to raise $100 million in bonds on the Tel Aviv Stock Exchange
Bank of Israel Moves to Cut Mortgage Rates
Step comes as treasury figures show that the residential property market is heating up again
Israel's Delek Group's Happy November Belies Difficulties
Even if its shares have rallied, Delek still carries a huge debt load with losses amounting to 3 billion shekels in the first nine months of the year
Israel’s Banks Are Washing Their Hands of Their Troublesome International Operations
Several Israeli banks are closing their overseas operations after allegations they had helped clients evade U.S. taxes
It Took Time, but the Pandemic Lets Israeli Tech Discover the Local Stock Market
Wave of IPOs by small and mid-sized firms is on its way as TASE investors warm to tech stocks
Israeli Real Estate Firm Handily Beats Argentine Tycoon Elsztain for Control of Discount
Bondholders vote overwhelmingly for Mega Or’s 1.35-billion-shekel bid, despite property magnate's best attempts
Argentine Property Magnate’s Bid to Win Back Israel’s Discount Investments to Be Decided This Week
Eduardo Elsztain faces tough competition from real estate company Mega Or for a group whose holdings include Israel's biggest cellular service provider
Stanley Fischer Joins Board at Israel's Largest Bank, Eyes Top Job
Former Federal Reserve vice chairman, Bank of Israel governor and vice head of International Monetary Fund wants key role at Bank Hapoalim
Israel's Delek Group to Sell Gas Station Unit for Over Half a Billion Shekels
Sale of energy company to investor group provides badly needed cash to embattled tycoon Yitzhak Tshuva’s holding company
After Eight Years, Eduardo Elsztain Loses Control of Indebted IDB Group
Court rejects offer to delay naming trustee to liquidate holding company, ending Argentine’s eight years of control
Elsztain’s Control of IDB Hanging in the Balance
IDB assets set to be liquidated as bondholders seek immediate repayment of NIS 2 billion debt
Analysis Failing Elsewhere Abroad, Israeli Bankers Aim to Do Better in the UAE
Their record in overseas has been spotty at best, but delegations from Hapoalim and Leumi are now eyeing opportunities in the Gulf
Controversy Erupts Over Stanley Fischer’s Candidacy for Israel's Bank Hapoalim Board
Government nominating committee approved candidacy of former Bank of Israel chief over objections by one member
Banks Facing Growing Consumer Loan Risks
The double-digit coronavirus unemployment rate will make it hard for households to service debt
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