Bank Leumi
Leumi, Shestovitz take stakes in Profit Finance Group with NIS 670 million investment
Leumi Partners and Shestovitz Properties acquired NIS 670M in Profit Finance Group, which manages NIS 100B. Founders Elberg and Banai retain control after a massive valuation leap since 2021.
Despite the war: Israeli high-tech opens 2026 with approximately $3.1 billion in funding
“The human capital of Israel’s economy is what continues to drive its growth”
Bringing a banker to your at home
Reports of money laundering on the rise in Israel
Money laundering - the practice of concealing the origins of illegally-obtained money - helps finance terrorist and criminal groups.
One-on-one with an Israeli revolutionary
Some consider political activist and criminal lawyer Barak Cohen a violent bully; for others he is a source of inspiration. In an interview he explains more about his tactics and offers advice.
Knesset seeks expanded subpoena powers to probe banks’ secret deals
Lawmakers seek expanded powers to force banks to reveal confidential information about customers.
‘We’ve got to change the norms’
American-Israeli Eliezer Jaffe works to bring interest-free loans to first-time home buyers.
'Fortune' ranks Israeli Bank Leumi CEO among most powerful women
Russak-Aminoach, the only Israeli on the list, was ranked 43rd on the 50-strong list dominated by countries such as the UK, China and Switzerland.
Kahlon, Flug strike deal on financial sector reform
Proposal would spin credit card companies out from biggest banks, allow them to become banks in their own right.
NGO: No protection for Israeli banks with PA ties in terrorism lawsuits
Last February, a US jury handed down a $655.5 million judgment in wrongful death damages against the PA in a case brought by 10 American families that lost relatives in Palestinian terrorist attacks.
Knesset passes limits on finance executives' pay
The law limits tax breaks on executive salaries at NIS 2.5 million a year, or 44 times the salary of the lowest-paid worker.
First faxes, now e-check; Knesset paves way for cashing checks electronically
Customers will now be able too cash checks using their smart phones instead of going to deposit them in bank branches, and the funds will be quicker to clear.
A BDS victory - US church pension board blacklists Israeli banks
The announcement was reported by 'The New York Times'.