FINANCIAL SERVICES
eToro mulls downsized Wall Street IPO
The Israeli online trading platform's CEO Yoni Assia told "The Financial Times" eToro is mulling an IPO at a valuation of over $3.5 billion, well below the $10.4 billion of its aborted SPAC merger.
Mortgage taking continues to fall
NIS 5.5 billion worth of mortgages were taken in January 2024, the Bank of Israel reports, down 13% from January 2023 and down 45% from January 2022.
One Zero - where banking meets AI
Digital bank One Zero CEO Gal Bar Dea and AI developer AI21 Labs CEO Ori Goshen, both companies cofounded by Amnon Shashua, explain what they can achieve together.
Pagaya raises $280m credit facility
The Israeli fintech company raised the debt directly for its needs and not for one of the funds that it operates, so the funds could be used for mergers and acquisitions.
"Banks must comply with US sanctions on Israelis"
Israeli ministers have protested, but experts with whom "Globes" spoke say local banks have no option but to freeze the accounts of the four Israelis that the US accuses of violence against Palestinians.
Bank Leumi blocks UNRWA bank account
The Israeli bank has written to the UN Palestinian refugee agency saying it was seriously concerned that money from the account was reaching terrorist groups.
Harel gives up on acquiring Isracard
In the face of the Competition Authority's opposition, the board of insurance group Harel has decided not to pursue the deal to buy the credit card company.
Harel not ready to give up on Isracard
Harel is considering an appeal against the Competition Authority's nixing of the merger with the credit card company, while two other suitors await developments.