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banking regulations

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
Illustrative: People walk by a Bank Hapoalim branch in Tel Aviv on March 25, 2025. (Miriam Alster/FLASH90)
August 25, 2025, 8:38 am
As banks pig out on profits, top economist urges tax to keep them from hogging wealth
After seeing plans aimed at boosting competition fall short, former Bank of Israel research head Michel Strawczynski says levy on lenders’ excessive income will ease wartime burden
By Sharon Wrobel
A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
May 20, 2025, 10:53 pm
Major banks’ profits surge as they cash in on wartime credit and fee growth
As households and businesses grapple with high cost of living, rising mortgage rates, and growing credit and loan needs during war, Bank Hapoalim and Bank Leumi post big profits
By Sharon Wrobel
Bank of Israel Professor Amir Yaron, left, seen with CEO of Leumi Bank, Rakefet Rosek-Aminach, right, at his appointment ceremony held at the President's Residence in Jerusalem, December 24, 2018 (Yonatan Sindel/Flash90)
July 1, 2019, 1:28 pm
CEOs fleeing Israeli banks in quest for higher salaries, less regulation
Three leaders of the five main banking groups are stepping down, with a 2016 law capping wages in the financial sector among the reasons top talent is turning to other sectors
By Shoshanna Solomon
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
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