Cerberus Capital Management

Deutsche Bank has bought a 4.6 percent stake in Bank Leumi Le-Israel, the country's largest bank, and placed the 67.8 million shares with…

President Barack ObamaThe White House1600 Pennsylvania Ave. Washington, DC 20500Dear President Obama:When I read in The New York Times that your…

We're different, and our new stuff is really good. In a nutshell, that's what General Motors, Ford and Chrysler tried to tell consumers - and…

Majority Democrats and the Bush White House have completed a deal to speed $14 billion in emergency loans to struggling US automakers, congressional…

Looking to restart the Bank Leumi privatization process, the Finance Ministry announced on Sunday that it has retained N.M. Rothschild & Sons Ltd. to…

SHARESTEL AVIVIsrael's benchmark stock index climbed to a record paced by Bank Leumi Le-Israel Ltd. after a press report that Cerberus-Gabriel is…

Cerberus-Gabriel, a partnership of two New York buyout funds, won't receive an extension of its option to buy control of Bank Leumi Le-Israel Ltd.…

Bank Leumi Le-Israel Ltd., the country's second-largest lender, will look to buy overseas banks and boost fee income as commercial lending in Israel…

Bank Leumi Le-Israel Ltd., the country's No. 2 lender, said second-quarter profit fell as it took a one-time charge for bonuses paid to employees…

Israel's benchmark stock index fell to its lowest in 10 weeks Sunday after Israeli-Palestinian violence escalated and Hamas called off a cease-fire.…

Barnea, the US-based Gabriel-Cerberus consortium has "every intention" of going through with the purchase of the 10.1 percent option provided for in…

The new owners of Bank Leumi will be in Jerusalem for the first time today to take part in a ceremony marking the acquisition of the country's…

The year 2005 has been a remarkable one for Israel's economy and business sector, full of success, scandal, change at the top and big…

The year 2005 has been a remarkable one for Israel's economy and business sector, full of success, scandal, change at the top and big…

Bank Leumi will pay a NIS 1.1 billion dividend to shareholders, representing about two-thirds of its net profit in the first nine months of the…

Delek Investments and Properties closed a deal to buy 25.01 percent of Israel Phoenix Insurance from Shlomo Eliahu for NIS 720m. after receiving the…

Bank Leumi's third-quarter net profit surpassed expectations and rose 5.4 percent as provisions for doubtful debt were slashed 48%. The bank said…

After strongly opposing the Bachar reforms, the banks seem to be competing with each other to see who can be the first to comply with the new law,…

After failing to win control of Bank Leumi last week, Lev Leviev is trying to buy its wholly owned mutual and provident funds unit Psagot…

Bank Leumi has started the process of selling almost all its remaining mutual and provident funds businesses by asking potential investors to make…