According to the lawsuit, Bank Mizrachi has refused to transfer a NIS 8 million donation to Zaka to help the NGO prepare for future emergencies. The first hearing for the case was held today.
The basis of the dispute centers around sanctions imposed on Abramovich by the European Union and the British government.
TV advertisements for banks in Israel deal with marginal trivialities in an age of economic confusion.
The bankers fear a wave of withdrawals and the negative effect a unilateral activation of the judicial reforms will have on the economy and on Israel's international standing.
Moshe Lari, CEO of Mizrahi Tefahot Bank, told employees yesterday that each one will receive a NIS 10,000 bonus to mark the 100th anniversary.
Surprisingly, the meeting of the shareholders in Bank Mizrahi Tefahot extended Moshe Vidman's term as chair of the bank for another year.
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