TheCityUK, an industry advocacy group promoting the financial and related professional services industry of the UK, has signed a memorandum of understanding (MoU) with Israel’s …
Billionaire Shari Arison to offload controlling stake in Israel’s Bank Hapoalim
US-Israeli businesswoman Shari Arison has revealed plans to divest her controlling stake in Israel’s largest banking entity Bank Hapoalim. Arison, through its company Arison Holdings, …
Mizrahi Bank to appeal Union Bank merger ruling
Israel’s Mizrahi Bank will appeal against the anti-trust authority’s attempt to block its merger with another Israeli lender Union Bank (locally known as Bank Igud). …
Bank Leumi to divest credit card unit to Warburg Pincus for $685m
Israel-based Bank Leumi, together with Azrieli Group, has signed an agreement to divest its credit card company Leumi Card to US private equity firm Warburg …
Bank of Israel to allow banks to buy back their securities
The Bank of Israel has published a draft directive to enable all banks to buy back their own securities, subject to certain conditions. The directive, …