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ISRAEL AT WAR - DAY 345

banks

US Ambassador to Israel Tom Nides speaks at an event in Jerusalem on February 19, 2023. (Noam Revkin Fenton/Flash90)
September 23, 2023, 11:53 am
Wells Fargo taps former US envoy to Israel Tom Nides as vice chairman
Ex-ambassador, who also held positions at Morgan Stanley and Fannie Mae, hailed as ‘important asset’ by bank’s CEO
By Jacob Magid
Bank of Israel main offices in Jerusalem, on August 12, 2021. (Yonatan Sindel/Flash90)
August 2, 2023, 6:59 pm
Bank of Israel sees increased risk to economy due to judicial overhaul uncertainty
In report on domestic financial stability, central bank says Israel’s financial system ‘remains stable’ but raises the level of risk, citing overhaul impact
By Sharon Wrobel
File: A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023. (AP Photo/Jeff Chiu)
May 1, 2023, 1:13 pm
US seizes assets of First Republic Bank, third to collapse in 2 months
JPMorgan Chase acquires bank’s assets, set to reopen branches under its name, after bank failed to recover from $100 billion loss in year’s first quarter
By Ken Sweet
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
March 12, 2023, 4:07 pm
Tel Aviv shares drop as SVB failure triggers cash-flow concern for Israeli startups
LeumiTech says it helped Israeli startups transfer $1 billion out of SVB accounts; government pledges to help tech firms
By Sharon Wrobel
Police officers leave Silicon Valley Bank's headquarters in Santa Clara, California on March 10, 2023. (Noah Berger/AFP)
March 12, 2023, 1:11 am
After US tech bank’s collapse, Netanyahu pledges to help Israeli firms ‘if needed’
With Silicon Valley Bank closed, Finance Minister Smotrich says he’s forming a special team to look into the potential consequences for Israeli companies
By ToI Staff and AP
A Brinks worker walks toward a truck after exiting Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. The U.S rushed to seize the assets of Silicon Valley Bank on Friday after a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago. (AP Photo/Jeff Chiu)
March 10, 2023, 10:36 pm
US closes Silicon Valley Bank in biggest collapse since 2008
SVB specialized in financing start-ups; its failure sparks concerns from customers trying to access their savings, along with fears for other banks
By Glenn Chapman
The logo of the Turkish Halkbank in Istanbul. (AFP/Ozan Kose)
January 17, 2023, 10:37 pm
Turkish bank appeals to US Supreme Court over claims it violated Iran sanctions
Department of Justice says it is one of the most serious sanctions-breaking cases it has seen, but Halkbank claims immunity under the US Foreign Sovereign Immunities Act
By AFP
A worker cleans off a protest sign on the Golden Bull, a replica of Wall street Charging Bull, outside the Brazilian B3 Stock Exchange in Sao Paulo, Brazil, Wednesday, Nov. 17, 2021. (AP/Andre Penner)
November 23, 2022, 4:30 am
Israeli group helps rank companies on UN sustainability goals for annual prize
YK Center, which advocates for UN’s 17 Sustainable Development Goals, jointly announces awards for top SDG performers among banks, insurance companies, stock exchanges
By Sue Surkes
A child stands on a waste landfill site with a call to save our planet. (Halfpoint, June 12, 2020, iStock bs Getty Images)
October 26, 2022, 12:50 pm
Israel gets set to press firms and investors to come clean on fossil fuels
Following EU lead with launch of list of criteria defining what is green, Israel aims to get finance, business sectors aboard to steer money and activities to fight climate change
By Sue Surkes
Winners of the 2022 Novel Prize in Economics, Ben S. Bernanke, left, Douglas W. Diamond, center, and Philip H. Dybvig. (Nikas Elmehed/The Royal Swedish Academy of Sciences)
October 10, 2022, 2:04 pm
Nobel Prize in economics given to Bernanke, 2 US-based economists for work on banks
Award goes to ex-chair of US Federal Reserve, Douglas W. Diamond and Philip H. Dybvig for research on financial crisis; in memoir, Bernanke recalled growing up as Jewish outsider
By AP
Older and newer buildings seen in Netanya in 2020. (Gili Yaari/Flash90)
September 23, 2022, 10:18 am
It’s not Boardwalk or Park Place, but NIS 300,000 puts you in Israel’s property game
Part 1 of a Times of Israel series examining what a down payment of about $90,000 can get homebuyers looking to climb the nation’s steep real estate ladder
By Danielle Nagler
Edmond J. Safra, at age 16, eating breakfast in Geneva in 1948. As a teenager in the late 1940s, he lived out of hotels and conducted business for his father in Europe. (Edmond J. Safra Foundation)
September 1, 2022, 11:50 pm
New biography delves into mysterious backstory of billionaire banker Edmond J. Safra
Few truly knew the private Safra, who died tragically after scaling up his family’s small Beirut business into a hugely successful global financial operation on four continents
By Renee Ghert-Zand
Palestinians receive their salary in a bank in Ramallah, West Bank, on May 17, 2011. (Issam Rimawi/FLASH90)
July 6, 2020, 6:55 pm
Fearing Israeli sanctions, banks refuse to pay out Palestinian terror stipends
Military decree set to take effect, applying anti-terror law to West Bank and holding banks liable for PA payments to attackers and their families
By ToI Staff
File: Palestinian pass by a cash machine of the Bank of Palestine branch in Gaza City, Dec. 4, 2008. (AP Photo/Hatem Moussa)
May 9, 2020, 9:17 am
PA says banks will continue serving prisoners’ families despite Israeli threats
PM Shtayyeh says financial institutions agree to freeze action against accounts of terror operatives after military decree, vows to ‘protect banks from oppression of occupation’
By ToI Staff and Agencies
Palestinians receive their salary in a bank in Ramallah, West Bank, on May 17, 2011. (Issam Rimawi/FLASH90)
May 7, 2020, 11:24 pm
No pay to slay? Fearing Israel law, Palestinian bank blocks terrorists’ accounts
Military decree set to take effect Saturday, applying anti-terror law to West Bank and holding banks liable for PA stipends to attackers and their families
By ToI Staff
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