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ISRAEL AT WAR - DAY 368

Israel Discount Bank

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
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
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 man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
January 19, 2023, 3:07 pm
Finance minister requires Israel Discount Bank to spin off its credit card business
Israel’s fourth-largest bank needs to sell CAL as part of government policy to boost competition in the consumer credit market, Smotrich says
By Sharon Wrobel
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
December 26, 2022, 7:22 pm
Bank bans credit for bigots as firms in Israel decry planned pro-discrimination laws
Microsoft, Wiz among businesses expressing concern incoming government will seek to amend rules to allow firms to refuse services if it violates their religious beliefs
By Sharon Wrobel
Blue and White MK Yorai Lahav-Hertzano in the Knesset in Jerusalem, on May 14, 2019. (Hadas Parush/Flash90)
December 26, 2022, 1:43 pm
Yesh Atid MK warns ‘anti-LGBTQ incitement from lawmakers will end in murder’
Yorai Lahav-Hertzano calls for scrapping plans for a law that would enable discrimination, says Netanyahu will be responsible for consequences
By ToI Staff
Israel Discount Bank Ltd. and the nation's largest supermarket chain Shufersal are setting up a joint venture to offer a digital banking services that aims to compete with the traditional banking system (ARISA THEPBANCHORNCHAI; iStock by Getty Images)
January 20, 2021, 1:08 pm
Bank Discount, Shufersal chain set up joint financial services firm
Joint venture will operate on the platform of Discount’s PayBox digital wallet, offering fintech services to compete with traditional lenders
By Shoshanna Solomon
Israel Discount Bank's PayBox app (YouTube screenshot)
July 12, 2020, 1:25 pm
Israel Discount Bank says payments app PayBox not affected by startup folding
Bank Discount bought use of app in 2014 from startup that is now shutting down; users had trouble accessing app after ‘fake news’ urged withdrawing funds in light of liquidation
By Shoshanna Solomon
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
From the WebMay 27, 2020, 11:28 am
Israel Discount Bank Q1 profit dips on spike in credit loss provision
Reuters: The 31% decline in quarterly profit stems from a surge in credit loss provisions aimed to protect bank from potential bad loans stemming from the coronavirus pandemic
A Bank Discount building. (Yossi Zamir/Flash90.)
July 15, 2019, 1:09 pm
Israel Discount Bank appoints Uri Levin as new CEO
Levin will replace Lilach Asher-Topilsky, who said in June she plans to step down; Levin joined bank in 2014, is currently serving as CEO of the lender’s New York subsidiary
By Shoshanna Solomon
Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
From the WebSeptember 12, 2018, 11:17 am
Israel Discount Bank buys Dexia Israel
Globes: Discount has agreed to pay NIS 670 million ($187 million) for Dexia Israel, a smaller lender that focuses on financing public and municipal projects
Jared Kushner, son-in-law and senior adviser to US President Donald Trump, speaks at the inauguration ceremony of the US Embassy in Jerusalem on May 14, 2018. (Yonatan Sindel/Flash90)
June 13, 2018, 6:38 pm
Filing reveals Kushner’s Israel-linked investments ahead of peace push
Ethics watchdog questions whether special adviser will be seen as impartial broker given his financial ties to Israel Discount Bank, Psagot Investment House
By ToI Staff
Shaul Elovitch, Bezeq's controlling shareholder (Calcalist screenshot)
December 21, 2017, 1:27 pm
Israeli banks reportedly clamoring for Bezeq sale
3 financial institutions go to court in bid to pressure Bezeq controlling shareholder Shaul Elovitch to sell his stake to repay debt, Calcalist says
By Shoshanna Solomon
Hedva Ber, Supervisor of Banks at the Bank of Israel, far end, right, at a press conference in Tel Aviv, May 24, 2017 (Courtesy: Shoshanna Solomon)
September 27, 2017, 2:17 pm
Regulator asks Israeli lenders to redefine foreign banking strategy
Banks must outline an exit plan if a foreign unit’s activity is not in line with their strategy, central bank says in draft directive
By Shoshanna Solomon
Shaul Elovitch, Bezeq's controlling shareholder (Calcalist screenshot)
July 30, 2017, 12:17 pm
Bezeq owner reportedly offers to sell stakes to pay off debt
Shaul Elovitch, controlling shareholder of Bezeq, said to be in talks with banks to reach debt settlement of nearly NIS 1 billion
By Shoshanna Solomon
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