Brazil: Israeli banks close offices in Sao Paulo

By JPOST.COM STAFF
December 12, 2005 02:00

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Bank Hapoalim and Bank Leumi have temporarily closed their offices in Sao Paulo, Brazil, in recent days due to a Brazilian police investigation. No details were given on the nature of the investigation. Bank Leumi told Israel Radio that the bank planned on reopening its office within a few days and believed that the investigation would not affect the activities of the bank. Bank Hapoalim also planned to reopen its office in the coming days, saying that the investigation dealt with matters that were not directly relevant to the bank itself. Both banks reported the investigation to Israeli banking regulation officials.

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town

By SHARON UDASIN