Tag: Bank Leumi
Bank Leumi USA Sold to Valley National Bank for $1.2 Billion Valuation
The merged bank will be the 29th largest bank traded on the U.S. stock exchange.
Israel Announces Tender Winner for Largest of-its-Kind Desalination Plant
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%.
For Americans in Israel: Update of Tax Related Matters in the Age of Coronavirus
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.
Israeli Banks Announce Mortgage Deferrals in Response to Coronavirus Crisis
All the major banks are offering generous deferrals on mortgage payments to help them get through this difficult period.
Bill Approved to Increase Competition in Israeli Financial Sector
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.
Official: Israeli CEO Salary Cap Law May Result in Hundreds Fleeing Banking Industry
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.
Israeli Banks Post Strong Figures for 2015
Revenue, profits and credit all rose in at least two main Israeli banks last year.
Report: Bank Leumi to Pay NIS 1 Billion in Fines to US for Suspected...
The US has been going after international banks who may have violated new money laundering laws.