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Mizrahi Bank
African migrants take part in a protest in Tel Aviv on June 10, 2017,against the 'Deposit Law,' which requires them to deposit 20% of their salary in a fund which they can only take back after they leave the country. (Tomer Neuberg/Flash90)
June 21, 2019, 2:37 pm
State Dept. urges Israel to repeal law it says increases migrants’ vulnerability
2017 Deposit Law, which withholds 20% of paychecks until workers leave the country, has made asylum seekers more susceptible to trafficking and pushed some to prostitution
By TOI staff
Eritrean migrant Russom Weldu Weldeslasie works at a restaurant in Tel Aviv, Israel, August 8, 2018. (Caron Creighton/AP)
May 26, 2019, 8:12 pm
Estimated NIS 700 million missing in ‘Deposit Law’ funding for asylum seekers
Widespread abuse of 2017 legislation requiring employers to deposit 20% of paychecks sees asylum seekers struggling to make ends meet, unable to withdraw funds when leaving country
By Melanie Lidman
A branch of Bank Mizrachi-Tefahot, which announced its acquisition of the Union Bank on November, 28, 2017. (Youtube screenshot)
November 28, 2017, 11:08 am
Bank Mizrahi announces merger with Union Bank
Union Bank workers strike, demonstrate over deal, which still needs approval of Antitrust Authority
By Sue Surkes
A screen capture of Swiss police securing the perimeter around Bank Mizrahi-Tefahot in Zurich after a failed robbery attempt on December 24, 2014. (screen capture: YouTube)
December 24, 2014, 10:31 pm
Police foil robbery of Israeli bank in Switzerland
Thief escapes scene of the crime empty handed as special forces close in on heist in Zurich
By Justin Jalil
Map of the servers where data stolen by 'Remote Control System' is uploaded to (Photo credit: Kaspersky Lab)
June 26, 2014, 2:57 pm
Hebrew no shield from hackers, phony bank app shows
Neither language nor a legitimate-looking interface — or even use of an iPhone — can protect users from phishing attacks, say top security mavens
By David Shamah
A Bank Mizrahi branch in Jerusalem (Photo credit: Miriam Alster/Flash90)
From the WebMay 1, 2014, 12:19 pm
Ex-Mizrahi banker said to be indicted in US tax fraud case
Businessweek: The former senior vice president for the Israel-based bank allegedly helped customers hide assets
A Bank Mizrahi branch in Jerusalem (Photo credit: Miriam Alster/Flash90)
From the WebApril 7, 2014, 7:44 pm
Ofer denies report she plans to sell Mizrahi bank stake
Reuters: The owner of 19% of the financial institution says no one bothered to ask her if the rumor was true
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