By Jewish News Syndicate (JNS)
On Aug. 21, Ramallah claimed its economy was at risk of collapsing within "days" after Israeli banks stopped accepting Palestinian Authority cash deposits.
The US is concerned by Israel's plans to respond to Abbas's unilateral actions.
By Jewish News Syndicate (JNS)
The banks seem to be concerned by the prospect of being exposed to terror-financing legal action.
The Consumer Price Index sank last month, but the anti-Bibi media buried the news so it won't help Netanyahu.
Bank Leumi’s admission is the first time an Israel bank has confessed to helping U.S. customers evade taxes.
The Israeli government has hopes to put the kabash on cash transactions starting in fiscal 2015 budget.
By Jewish Press Staff Reporter
The Israel Tax Authority has reached agreement with the U.S. to coordinate info between the IRS and Israeli banks.
Stable banking systems: by design or by default?
The Bank of Israel ordered on Monday a 50 percent cut in fees Israel’s banks charge customers’ checking accounts. The banks make money, piles of it, by milking customers for two transactions for every check – one for the deposit and one for the transfer of funds. Bank of Israel Supervisor David Zaken ordered a […]
Tighter American tax laws have encouraged U.S. citizens to withdraw approximately $2 billion from Israeli banks in less than two years. "The blow is not just in the drop in assets, but also in the drop in investments. Some of these customers, especially the wealthy ones, use the money to make investments and acquisitions in […]
An interview with Anat Admati, author of The Bankers New Clothes and professor of economics at Standford University.
