The merged bank will be the 29th largest bank traded on the U.S. stock exchange.
By Aryeh Savir, Tazpit News Agency
The new Sorek 2 facility, with the production capacity of 200 million cubic meters of water per year, is expected to be the largest of its kind in the world, increasing the state’s desalination capacity by 35%.
All tax returns and tax payments for 2019 and estimated tax payments for 2020 otherwise due initially April 15 will not be due before July 15.
All the major banks are offering generous deferrals on mortgage payments to help them get through this difficult period.
The main clauses of the bill include a separation of the major Israeli banks from Israeli credit companies. The three largest Israeli banks also currently own and operate the credit card companies.
By JNi.Media
The banks fear that if the caps apply retroactively and include severance pay and pensions, a much larger number of bank officials would be seeking to leave before the law goes into effect in October.
Revenue, profits and credit all rose in at least two main Israeli banks last year.
The US has been going after international banks who may have violated new money laundering laws.