The Ticker TA-25 Rose 10% Since Rosh Hashanah 2014
Eni says estimate of size of Egyptian offshore gas field 'conservative'; Yesodot Fund to compete with banks on loans for construction projects; TASE slips, dragged down by energy shares.
Sivan Aizescu
Australian Brothers Suspected of Using Israeli Banks in $70 Million Tax Fraud
The Binetters deny the allegations reported by Australian media, which claimed that the brothers used Bank Hapoalim and Israel Discount Bank to conceal funds.
New Banks Supervisor Backs Spinoffs of Credit Card Issuers From Banks
Hedva Ber signals an about-face for the Bank of Israel on the issue and calls for deposit insurance and banks' sales of insurance policies.
Israel Banking Watchdog Says Leumi Execs May Have to Return Bonuses
Regulator demands Bank Leumi investigate top management in wake of U.S. tax-evasion settlement.
Bank of Israel Opposes Plan to Allow Non-banks to Offer Consumer Loans
The Finance Ministry's proposal is meant to spur more competition but the central bank fears easy credit could trigger a U.S.-style financial crisis.
Israel's Mortgage Recycling Jumps as Borrowers Exploit Record Low Interest Rate
Home buyers also took out a record 7 billion shekels in new mortgages last month.
Shari Arison Says Might Cut Her 20% Stake in Bank Hapoalim
Shares held by Arison Holdings could go to a foreign investor to boost the bank’s business abroad.
June Mortgage Lending in Israel Hits New $1.9 Billion Record
Number of sales to investors soared 74%, while there were 51% more sales to young couples.
The Ticker: Mega Looking to Sell Its You Stores
Leumi selling its stake in Route 6 toll road; First International Bank of Israel merges two affiliates into main bank company; TASE up moderately, led by energy and real estate stocks.
Government Acts to Cap Pay for Financial Firms’ Top Executives
Bank of Israel bill would limit bank chairmen to two million shekels, treasury plan would place 3.5-million cap on executive pay.
New Home Sales in Israel Rise 36% in 2015's First Quarter
Rise comes as finance minister readies new initiatives to contain rising prices.
New Panel to Boost Banking Competition in Israel
Committee will look into spinning credit card issuers off from lenders.
Israel's Second-largest Lender Mulls Share Offering, Reports Doubling of 1Q Net
Sale is among three options Bank Leumi is exploring to help boost capital adequacy ratio.
Kahlon Readies to Challenge Bank of Israel on Credit Cards
Finance minister-designate wants to split off issuers from the banks, a move Governor Karnit Flug opposes.
Meitav Dash Takes Stake in Online Lending Startup
Peer-to-peer lending is expected to show rapid grown in coming decade.
Low Bank of Israel Rates Spur Loan Refinancing
Bank of Israel: Borrowers recycled NIS 1.77 billion in March.
Peres Pulls Out of Bank Hapoalim Deal After Public Criticism
Former president insists $30,000-a-month retainer was directed to public needs.
Prosecutors May Indict Credit Card Issuer Cal, Six People for Fraud
Investigation alleges that executives used Cal to clear billions of shekels in online gambling and other illicit transactions.
Business in Brief / Check Point Bests Forecast for Quarterly Profit
Hapoalim to increase dividend to 20% of annual profit; Insuline shares collapse on planned offering; Bank, tech shares lead TASE higher.
Israeli Home Sales, Mortgage Borrowing Reach Fever Pitch
Treasury says first quarter likely to be biggest for sales in 15 years, while new mortgages climbed 27% last month.
As Prospect for Negative Interest Rates Grow, Israel’s Banks Face Big Challenges
Will savers have to pay to maintain deposits, investors to hold bonds?
Israeli Bankers Could Face Criminal Probe Over Helping U.S. Tax Evaders
Attorney general's team winding up examination into bank's role in helping Americans evade taxes.
The Ticker / Check Point Buys Israeli Startup for an Estimated $100 Million
New York developer Extell raises 600 milion shekels; Bino hands over shares to children; TA-25 closes at record high before Pesach.
Bank Leumi Says in Talks With U.S. SEC About Possible Securities Violations
Leumi CEO Rakefet Russak Aminoach said the bank is talking to the SEC but it is unclear whether there will be any further repercussions.
Leumi Posts Surprise Loss in the Fourth Quarter
Israel Corp. loss helps push Leumi NIS 111m in the red.
Hapoalim, Mizrahi Profits Fall as the Israeli Banks Set Aside Money for Tax Probe
Hapoalim admits provisions for probes for the first time as the bank's fourth-quarter net profit drops 24.5%.
The Ticker / Bank Hapoalim to Lay Off Hundreds in Cost-cutting Drive
CyberArk sets terms for $237-million secondary share offering; Spacecom cleared for $50-million bond sale to fund satellite launch; Banks power Tel Aviv shares higher.
American Clients Say Hapoalim Bankers Aided Them in Evading Taxes
Accusations of helping clients evade U.S. taxes came in testimony given in December in Los Angeles.
The Ticker / U.S. Property Company Stages Successful Tel Aviv Bond Sale
Mobileye likely to delay secondary offering; Hapoalim to report provisions for possible U.S. penalties; Lower Wall Street trims TA-25’s gains.
Israel's Biggest Lender Quietly Makes Provisions for U.S. Tax Penalties
Bank Hapoalim has been quietly setting aside hundreds of millions of shekels to cover tax-probe penalties.