Bank Hapoalim and Bank Leumi will each pay a fine of NIS 1 million, and Isracard will pay a fine of NIS 250,000, the Bank of Israel announced. This comes as part of financial sanctions against banks due to service disruptions and consumer issues, which were investigated by undercover Bank of Israel officials. Bank Hapoalim […]
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Prof. Yaron Zelekha, head of the School of Accounting, Economics, and Financial Management at Kiryat Ono Academic Campus, addressed the credit rating downgrade of Israel by Moody’s during an interview Sunday on 103FM. “A door to a wave of credit rating downgrades has opened here, both for other rating agencies and for Moody’s itself. The […]
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College students have a lot on their plate already, including the need to study to get good grades, participating in any number of on-campus activities and potentially working part-time to have some spending money. That said, college students should also focus on their financial future, including steps they can take to build credit before they […]
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Sarit Tabib Milman, an organizational consultant for the nonprofit and the public sector, was set to start four projects prior to the onset of the Israel-Hamas war. She also had ongoing retainer agreements with two organizations. But October 7 changed everything. “I found myself after October 7 with almost nothing in my hand,” Milman said. […]
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The US recently signed on a special presidential order against four Israeli settlers involved in violence against Palestinians in the West Bank: Shalom Zicherman, Yinon Levi, David Chai Chasdai, and Einan Tanjile. According to the order, the four were involved in arson that led to harm to human life, threats against Palestinian farmers who abandoned […]
Continue ReadingYohan Kadoche, a senior figure in Israeli capital markets, will become a partner in the Sigma Clarity Investment House, Sigma Clarity announced on Tuesday. Kadoche is expected to acquire approximately 52% of Sigma Clarity stock and invest capital for business development. “I am pleased to join Sigma Clarity, a global investment firm that currently […]
Continue Reading“Israel is not just a state but also a state of mind,” says Howard L. Goldstein, National and International Board Chairman of Israel Bonds. Growing up in poverty in New Jersey, Goldstein knew little about Israel. But years later, when he moved to Florida as a young professional with his wife, he decided to […]
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Israel Insurance Association witnessed a significant change in its leadership team on Tuesday: Certified Public Accountant Benjamin Gabbay, previously known for his impactful role as the chairman of Phoenix Insurance, has now stepped into the limelight as the Association’s new chairman. This move marks a pivotal shift as he takes over the reins from Yair […]
Continue ReadingA popular process in financial markets, which attempts to predict the right timing for buying and selling assets, is called “Buy on the rumor and sell on the news.” This process involves buying the asset based on rumors surrounding a specific key event, but when the event actually occurs, the wise decision is to […]
Continue ReadingThe impact of a country’s credit rating downgrade on citizens’ wallets begins even before the actual downgrade occurs. Markets, in practice, do not wait for the official downgrade announcement and already demand higher interest rates. This translates to tangible consequences for citizens who are faced with increased borrowing costs and reduced access to affordable […]
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