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Bank Mizrahi Tefahot

Banking supervisor Daniel Hahiashvili speaks at a press conference in Tel Aviv on May 19, 2025. (Sharon Wrobel/Times of Israel)
May 18, 2026, 7:03 pm
Regulator demands fairness from Israeli banks as they cash in on hefty fees
Banking supervisor warns that lenders that don’t treat their customers well will be ‘in trouble,’ sees the entry of new players catalyzing competition in the local banking system
By Sharon Wrobel
A woman takes out money from a Bank HaPoalim ATM machiine in Tel Aviv on December 9, 2024. (Miriam Alster/FLASH90)
May 6, 2026, 11:11 pm
Israel’s competition watchdog declares top 5 banks an oligopoly, targets deposits
Hapoalim, Leumi, Mizrahi Tefahot, Discount and First International control 98% of banking sector’s assets, competition watchdog says; critics denounce their huge profits, excessive fees
By Sharon Wrobel
Histadrut chairman Arnon Bar-David speaks at a press conference at the Finance Ministry in Jerusalem, June 23, 2025. (Ben Hakoon/FLASH90)
November 11, 2025, 7:06 pm
Histadrut chief reportedly sought to have his wife installed on board of bank
CEO of Bank Mizrahi Tefahot questioned by police amid suspicions that Arnon Bar-David and other union officials tried to influence appointments to Bank Yahav board
By ToI Staff
Illustrative: An Ireland supporter holds a Palestinian flag on the stands during the Euro 2024 group B qualifying soccer match between Gibraltar and Ireland at the Argarve Stadium, outside Faro, Portugal, Oct. 16, 2023. (AP/Joao Matos)
April 8, 2024, 1:00 pm
Ireland’s sovereign investment fund to divest from six Israeli firms
Irish government will pull investments from Israel’s largest banks plus a supermarket chain active in East Jerusalem and West Bank
By Reuters and ToI Staff
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
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
A Bank Mizrahi branch in Jerusalem (Miriam Alster/Flash90)
August 8, 2018, 10:58 am
Mizrahi-Tefahot Bank rejects $342 million US fine to settle tax evasion probe
Board of directors of Israel’s third largest lender says any amount to be paid to US authorities should be ‘significantly lower’
By 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
Leon Moss
August 15, 2017, 12:48 pm
Leon Moss
Bank Mizrachi, where are you?
He wanted to manage his personal finances but all he got was a lousy haircut
Bank Mizrahi Tefahot's YouTube commercial features a preschool teacher who is a telepresence robot. (screenshot)
September 28, 2016, 8:50 pm
Bank pushes human touch by mocking virtual services
As Israeli banks close branches and go digital, one institution banks on customers hankering for a more personal connection
By Simona Weinglass
A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
September 12, 2016, 5:25 pm
Why is Bank Leumi telling foreigners to close their accounts? And what’s the link to Israel’s malignant black economy?
As the US cracks down on tax evasion, Israel’s flourishing decades of money laundering for Diaspora Jews are being exposed. It’s part of a financial malaise that runs deep, and that harms all law-abiding Israelis
By Simona Weinglass
Illustration: Israelis withdraw money from Bank Hapoalim cash machines. (Yonatan Sindel/Flash90)
June 14, 2016, 11:27 am
Finance Ministry reaches deal to open up Israeli banking
Recommendations to make credit card companies independent pave way for vast reform in close-knit financial sector
By Raoul Wootliff
Illustrative: View of a special plenum session marking the 50th anniversary of the Knesset's current building, January 19, 2016. (Yonatan Sindel/Flash90)
March 29, 2016, 5:27 am
Knesset ups tax penalties for extravagant pay to bank CEOs
A financial institution may pay its top earner no more than 35 times the salary of the lowest earner or risk double taxation
By ToI Staff
Knesset Finance Committee chair MK Moshe Gafni. (Miriam Alster/Flash90)
March 16, 2016, 11:43 pm
Knesset pushes stiff limits for bank CEOs’ pay
Finance Committee hammers out compromise that increases taxes on salaries above NIS 2.5 million and pegs the highest wage to the lowest
By ToI Staff
Illustrative: First United Methodist Church in Huntington, West Virginia, USA, November 17, 2007. (Wikipedia/JaGa/CC BY-SA 4.0)
January 13, 2016, 7:53 am
Methodist pension board divests from 5 Israeli banks
Move comes to pressure Israel over settlements, church says; spokesperson notes fund still invested in 18 Israeli companies
By Rachel Zoll
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