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ISRAEL AT WAR - DAY 369

Bank Leumi

Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
February 14, 2024, 7:26 pm
After credit downgrade, Moody’s lowers deposit ratings of Israel’s five largest banks
Lower rating increases borrowing costs for banks, which in turn will likely be passed on to consumers and lead to higher lending rates
By Sharon Wrobel
Illustrative: Israelis walk next to Bank Leumi in Jerusalem, on November 16, 2014. (Yonatan Sindel/ Flash90/ File)
February 4, 2024, 11:02 pm
Israeli bank freezes account of settler Yinon Levi sanctioned by US
Hapoalim also indicates it will comply with US sanctions; Smotrich reportedly seeking to prevent banks from freezing accounts as far-right MK calls move ‘ridiculous’
By ToI Staff, Jacob Magid and Reuters
Prime Minister Benjamin Netanyahu attends a Knesset session on March 20, 2023 (Erik Marmor/Flash90)
March 21, 2023, 2:35 pm
5 bank heads to PM: Stop overhaul immediately, you’ll turn Israel into dictatorship
Top business leaders call on PM to halt contentious legislative process, saying it ‘undermines the foundations of democracy’ and will damage economy and society as a whole
By ToI Staff
Samer Haj-Yehia (screen), chairman of Israel's Bank Leumi, attends a panel on the third day of the annual Future Investment Initiative (FII) conference in Saudi Arabia's capital Riyadh on October 27, 2022. (Fayez Nureldine/AFP)
October 27, 2022, 8:57 pm
At Riyadh investor forum, top Israeli banker hails Saudi economy’s prospects
Bank Leumi chairman Samer Haj-Yehia says ‘opportunities are amazing and fintech industry on the rise,’ in a rare public appearance by an Israeli in the Gulf kingdom
By Haitham el-Tabei
A screen capture from video showing a bull inside the offices of Bank Leumi in the central city of Lod, August 22, 2022. (Screen capture: Twitter)
August 22, 2022, 11:18 am
Bull rampages through bank in central Israel
Owner and municipal veterinarian called to Leumi facility in Lod to capture and restrain bovine; bank says no injuries or damages
By ToI Staff
Illustrative: Israelis walk next to Bank Leumi in Jerusalem, on November 16, 2014. (Yonatan Sindel/ Flash90/ File)
September 23, 2021, 4:18 pm
Valley Bank to acquire Bank Leumi’s US unit in merger agreement
Deal values Bank Leumi USA at $1.2 billion; bank expected to report profit of $203-$234 million from transaction
By Ricky Ben-David
The port of Haifa. September 13, 2008. (Jorge Novominsky/Flash 90)
September 21, 2020, 3:34 pm
Israel’s Bank Leumi, Dubai’s DP World to explore regional shipping cooperation
Memorandum of understanding between major financial house and leading port operator covers work on developing ports, logistic assets and trade finance
By ToI Staff and AP
Two Emiratis wearing face masks due to the coronavirus pandemic talk on the floor of the Dubai Financial Market in Dubai, United Arab Emirates, July 7, 2020 (AP Photo/Jon Gambrell)
September 6, 2020, 11:30 am
Heads of Israel’s 2 largest banks to lead business delegations to UAE
Banking executives from Hapoalim and Leumi, as well as Israeli business leaders, to meet with officials from government and financial sectors in Abu Dhabi and Dubai this week
By ToI Staff
Israelis protest in Tel Aviv's Rabin Square against the government's economic policies during the coronavirus pandemic, July 11, 2020. (Jack Guez/AFP)
July 16, 2020, 12:32 pm
How many Israelis are out of work? Policymakers struggle to understand the data
Central Bureau of Statistics says in first half of June the official unemployment rate was 5.2%; national employment service puts number of jobless around 20%
By Shoshanna Solomon
Illustrative image: Israelis walk next to Bank Leumi in Jerusalem on November 16, 2014. (Yonatan Sindel/Flash90)
August 27, 2019, 6:54 pm
Bank Leumi appoints Hanan Friedman as new CEO
Incoming executive has spent over five years at the bank, recently overseeing strategy and innovation; nomination must still be approved by the Bank of Israel
By Stuart Winer
Chairman of the board of directors of Bank Leumi, Samer Haj Yehia (courtesy)
July 13, 2019, 5:08 pm
For 1st Arab head of major Israeli bank, breaking down barriers is second nature
Five lessons on success and excellence to learn from the story of Samer Haj Yehia, Bank Leumi’s new chairman of the board
By Amir Ben-David
A Bank Mizrahi branch in Jerusalem (Miriam Alster/Flash90)
March 13, 2019, 5:53 am
Major Israeli bank to pay $195m penalty for US tax-avoidance scheme
Mizrahi-Tefahot one of three banks targeted by Justice Department for helping US citizens avoid paying taxes by stashing their assets in offshore accounts
By AP and Shoshanna Solomon
Illustrative photo of a bank branch. (Moshe Shai/Flash90)
July 29, 2018, 6:17 am
Why are Israeli banks asking customers where their money comes from?
For many years Israel was a ‘Switzerland for Jews’ when it came to tax evasion for foreigners. Then the US began cracking down
By Simona Weinglass
A couple looks at real estate ads in the coastal city of Netanya, July 29, 2015. (AP Photo/Sebastian Scheiner)
December 22, 2017, 10:48 am
Do Israel’s ‘ghost apartments’ explain why the home you want is out of reach?
House prices have risen 118% in a decade. Now the government says Israel has 4 times more empty homes than it thought. Is there a connection? And is money laundering also a factor?
By Simona Weinglass
The Israeli drug company TEVA Pharmaceutical Industries, in Jerusalem, on August 6, 2017. (Yonatan Sindel/Flash90)
September 27, 2017, 9:09 pm
150 companies said to get letters from UN threatening to add them to blacklist
Human Rights Council asks for response from West Bank settlement-friendly firms as some businesses say they won’t renew contracts
By ToI Staff
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