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, …
ThetaRay raises $30m in new funding to grow cybersecurity business
Israel-based big data analytics company ThetaRay has raised more than $30m in a new funding round to strengthen its AI-powered cybersecurity business. The new funding …