banking

June 19, 2023, 6:15 pm

JPMorgan expands commercial banking business to Israel to cater to tech companies

US lender hires new banking team of 10 people to serve local startups and high-tech firms

By Sharon Wrobel

Ernest Hollis looks for items at his granddaughter's house that was devastated by floodwaters, August 23, 2021, in Waverly, Tennessee. (AP Photo/John Amis)

June 13, 2023, 5:38 pm

Banks instructed on managing exposure to climate-related financial risks

Banks supervisor says the urgency of tackling the issue is rising

By Sue Surkes

June 6, 2023, 3:17 pm

Bank of Israel veteran selected as new banking supervisor

Daniel Hahiashvili will replace Yari Avidan on June 22; sees his role as ensuring stability of banks while boosting competition and technological innovation

By Sharon Wrobel

Police officers leave Silicon Valley Bank's headquarters in Santa Clara, California on March 10, 2023. (Noah Berger/AFP)

March 16, 2023, 6:50 pm

Trust broken, startup heads mull move to ‘stable’ banks in wake of SVB fall — survey

Poll of 110 startups, of which 66% are Israeli, shows most founders believe bankers in collapse US lender had known the risk they were facing

By Sharon Wrobel

A branch of Signature Bank is photographed, in New York, March 12, 2023. (Bobby Caina Calvan/AP)

March 13, 2023, 11:02 am

US regulators shut down crypto-friendly Signature Bank as financial crisis grows

NY-based financial institute founded by Bank Hapoalim, which sold stake in 2005, collapses as investors pull deposits following crash of SVB; 3rd largest bank failure in US history

By Agencies and ToI Staff

From left: First Digital Bank CEO Gal Bar Dea, founder Amnon Shashua and chairman Shuki Oren. (Yanai Yechiel and Yonatan Hefner)

December 30, 2021, 8:03 pm

Israel’s newest bank picks a new name

Amnon Shashua’s banking company, known as the First Digital Bank, names itself One Zero to offer ‘real, comprehensive’ banking alternative

By Ricky Ben-David

Illustrative image of artificial intelligence research, robots and banking (Blue Planet Studio; iStock by Getty Images)

December 14, 2021, 5:07 pm

New Israeli digital bank raises $120m with Asian, European investors

China’s Tencent, Japanese conglomerate SBI, and Swiss group Julius Baer back First Digital Bank, founded by Mobileye’s Amnon Shashua

By Ricky Ben-David

Passengers at Ben Gurion train station near Tel Aviv on October 28, 2021. (Yossi Aloni/Flash90)

November 4, 2021, 1:45 pm

How much of a revolution? 13 key reforms in Israel’s new state budget

As the coalition finally gets a state budget approved, Israelis can expect major changes in education, consumer prices, transportation, and healthcare

By Ricky Ben-David

Illustrative: A man walks in a mostly empty market in Nazareth, on January 26, 2016. (Lior Mizrahi/Flash90)

May 23, 2021, 5:02 am

Pushed into loan sharks’ pockets, many Arab Israelis are living on borrowed time

With banks shying away from Arab communities, the only path to credit for many is gray market lenders, who offer easy cash at high interest and deadly results for failing to repay

By Tal Schneider

The Oheka Castle in Huntington, New York, in 2014. (AP Photo/Frank Eltman)

December 28, 2020, 2:10 am

Facing 1900s New York anti-Semitism, a banker built this castle; you can visit

On Long Island’s ‘Gold Coast,’ 100 years of grandeur and scandal echo at Otto Hermann Kahn’s Oheka. America’s 2nd-largest private residence, it’s now a luxury hotel and restaurants

By Matt Lebovic

Dov Kotler, CEO of Israel's Bank Hapoalim, in Dubai, United Arab Emirates, September 9, 2020. (AP Photo/Kamran Jebreili)

September 10, 2020, 11:03 am

Head of Israel’s biggest bank expects deals soon with UAE

Bank Hapoalim chief Dov Kotler leads business delegation to Emirates after landmark agreements reached last week; ‘the spectrum is huge,’ he says

By Isabel Debre

An Israeli woman wears a face mask for fear of the coronavirus while shopping in Ramle, March 19, 2020. (Yossi Aloni/Flash90)

March 19, 2020, 8:12 pm

Tel Aviv Stock Exchange jumps, shekel gains ground following bank intervention

Unemployment hits historic highs, with up to 7,000 Israelis filing per hour; S&P global rating agency predicts global recession, but says Israel on good footing

By Luke Tress

Closed shops and restaurants in Tel Aviv, March 15, 2020. (Miriam Alster/FLASH90)

March 15, 2020, 8:40 pm

Bank of Israel, retail banks take steps to soothe virus damage to economy

Financial institutions seek to ease business and consumer hardship by buying bonds, offering loans, delaying mortgage payments

By Luke Tress

July 17, 2018, 4:55 pm

Goldman Sachs names David Solomon as new CEO as it targets Main Street growth

Solomon, who is Jewish and who DJs in his spare time, will assume the job on October 1, replacing longtime chief Lloyd Blankfein

By AFP and ToI Staff

In this photo taken on April 10 2018, Latvia's Prime Minister Maris Kucinskis poses for a photograph, during an interview, in Riga. (AP Photo/David Keyton)

June 1, 2018, 3:18 pm

US says Latvia banks helped North Korea to skirt sanctions

Washington charges that one of the Baltic country’s largest banks built a business from illegal money transfers, including to Pyongyang’s missile program

By Carlo Piovano