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financial distress

Illustrative: IDF troops operating in the Gaza Strip, in an image published on June 6, 2024. (Israel Defense Forces)
June 6, 2024, 9:14 pm
Reservists’ spouses feel ‘vacuum’ of absence as households come under strain
Government aid package described by one person as ‘band aid,’ while psychological stress remains high for those taking care of families without their partners
By AFP and ToI Staff
Illustrative: Israelis walk next to Bank Leumi in Jerusalem, on November 16, 2014. (Yonatan Sindel/ Flash90/ File)
May 7, 2023, 2:43 pm
Leumi expects first-quarter profit to slide 50% due to drop in US bank stake value
Leumi estimates that it will need to write down the value of its 14.2% stake in Valley National Bancorp by NIS 1b, as shares in the US bank have lost 33% of their value this year
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
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
Some 190 objects from the L.A. Mayer Museum of Islamic Art planned to be sold at Sotheby's London on October 27, 2020 (Courtesy Sotheby's)
October 26, 2020, 11:49 pm
Jerusalem Islamic museum scraps Sotheby’s sale of its exhibits following outrage
Foundation intervenes on eve of multi-million-dollar London auction, citing ‘respect for the president,’ who had panned the move as a loss to Israel and the region
By ToI Staff
The facade of the LA Mayer Museum for the Islamic Arts in Jerusalem. (Courtesy, Sotheby's)
October 25, 2020, 11:30 pm
Rivlin: State must help stop sale of Jerusalem’s Islamic art museum collection
Citing financial pressures, the museum has turned to Sotheby’s to auction duplicates and storage items, as well as 60 timepieces from its storied watch collection
By ToI Staff
Some 190 objects from the L.A. Mayer Museum of Islamic Art planned to be sold at Sotheby's London on October 27, 2020 (Courtesy Sotheby's)
September 24, 2020, 6:33 am
Jerusalem’s Islamic art museum says it has to auction off part of its collection
Citing financial pressures, the museum turns to Sotheby’s to sell duplicates and storage items, as well as 60 timepieces from its storied watch collection
By Jessica Steinberg
Yuval Carmi, a falafel store owner in Ashdod who has been hit hard by the pandemic, April 19, 2020. (screen capture: Channel 13)
April 20, 2020, 3:55 pm
‘You touched my heart,’ Netanyahu tells falafel seller facing ruin from pandemic
In phone call, Yuval Carmi — who has become a symbol of the virus’s financial toll — places blame for economic hardship on PM’s advisers rather than the premier himself
By ToI Staff
Yuval Carmi, a falafel store owner in Ashdod who has been hit hard by the pandemic, April 19, 2020. (screen capture: Channel 13)
April 19, 2020, 10:58 pm
Sobbing falafel seller, symbol of virus’s financial toll, moves TV crew to tears
Yuval Carmi, banned from operating his shop amid pandemic and deep in debt, pleads for Netanyahu’s help: ‘I’m embarrassed from my children. I have nothing to give them to eat’
By ToI Staff
A supporter of the No vote waves a Greek flag in front of the parliament after the results of the referendum at Syntagma square in Athens, Sunday, July 5, 2015. (AP/Emilio Morenatti)
July 6, 2015, 6:46 am
Greece in uncharted territory after referendum ‘no’ vote
How European officials react will be critical for the country; eurozone summit called for Tuesday
By Elena Becatoros and DEMETRIS NELLAS
A man sleeps, holding an icon of Jesus Christ, outside a closed shop with spray paint reading "Poor vote "NO" in central Athens, on Saturday, July 4, 2015. (AP/Petros Karadjias)
July 5, 2015, 6:38 am
Europe on tenterhooks as debt-ridden Greece votes on bailout
Greeks head to polls to decide on whether to accept EU’s terms or exit Eurozone, in decision that could shape future of continent
By AFP
A newsagent hangs newpapers bearing "No" and "Yes" headlines in central Athens, on July 4, 2015, on the eve of the Greek referendum on its bailout terms. (AFP/ LOUISA GOULIAMAKI)
July 4, 2015, 8:32 pm
Split Greece teeters on the brink with referendum
Greeks unnerved by uncertain economic future ahead of critical vote Sunday on bailout conditions
By Ella Ide
Channel 10's announcement about its closure, blaming Prime Minister Benjamin Netanyahu (screen capture: Channel 10)
December 29, 2014, 10:59 am
President, ex-finance minister back Channel 10 bailout
Rivlin says shuttering of TV station would ‘cast a shadow on Israeli democracy’; Lapid urges PM to adopt solution to financial crisis
By Marissa Newman and Lazar Berman
A Jerusalem branch of Bank Hapoalim. (Nati Shohat/Flash90)
September 19, 2014, 7:57 am
65% of Israelis concerned about financial future
Government study finds rising tide of pessimism over economy, job prospects
By ToI Staff
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