FINANCIAL SERVICES

Boosted by the bidding war for Isracard, the owners have hired investment bank J.P. Morgan to promote the sale of the company.

The Israeli businessman has recorded a 52% gain on the 31 million shares in the bank that he bought 30 months ago.

Itai Ben-Zaken recovered from personal and business adversity to found Honeycomb, a fast-growing real estate insurance startup.

The Israeli online contract-for-difference (CFD) platform has seen its share price rise 70% over the past year to a market cap of £2.1 billion.

The Israeli online trading platform will seek a company valuation of $5 billion, "The Financial Times" reports.

The Capital Market, Insurance and Savings Authority has approved the sale of shares in Phoenix Financial Ltd. (TASE: PHOE) to the Affinity Fund of Jared Kushner's, son-in-law of US President-elect Donald Trump.

Last month beat the previous monthly record for mortgage taking of NIS 13.4 billion in March 2022, the Bank of Israel reports.

Minister of Labor Yoav Ben–Tzur declares that will not adopt the inter-ministerial committee's recommendation to end recognition of accidents to and from work as work accidents.

An inter-ministerial committee recommends that accidents on the way to and from work should no longer be recognized as work accidents.

The bank claims that its new offer is better for Isracard shareholders than the agreement just signed with Delek Group.

Delek Group is in pole position to buy control of the credit card company after improving its offer and remarks by Isracard's board that it prefers its bid.

The bank's 2025-2028 early retirement plan is expected to result in savings of about NIS 300 million per year before tax.

Bank of Jerusalem is bidding to make a reverse merger into Isracard in an all-share deal at a company valuation of between NIS 3.8 billion and NIS 4.2 billion.

Yitzhak Tshuva's Delek Group has made a revised bid for Isracard at a higher valuation, presenting the credit card company's board with a dilemma.

The funds will enable the Israeli public to invest in Bitcoin in shekels. The price of Bitcoin has risen 113% this year.

The Israeli company protects businesses from 'friendly fraud,' in which customers cancel valid credit card transactions, despite receiving the product or service that they ordered.

Israeli digital bank One Zero has introduced new measures that will allow customers to manage their bank accounts almost without fees including for foreign currency and securities trading.

Yitzhak Tshuva's company proposes to buy a 37% stake at a valuation of NIS 3.36 billion. Menorah Mivtachim and Bank of Jerusalem are also in the race.

Founded in Tel Aviv, the business banking solutions and services company is firing 20% of employees in its Israel development center.

The amount of mortgages in arrears of 90 days or more rose 8% in October compared with September.

Darren Friedman, a partner at alternative investment firm StepStone says the traffic jams in Tel Aviv show that it is business as usual here.

The company is buoyed by improved profits, and the expectation of more liberal regulation in US financial markets when Donald Trump becomes president.

Phoenix CEO Eyal Ben Simon told the Globes Israel Business Conference that the Israeli market is priced cheaply compared with the US market.

Accumulator enables company founders to turn their shares into a diversified portfolio, but not everyone can join.

The $46 million acquisition will allow Capitolis, a market leader in the optimization and compression space, to offer more optimization and compression solutions to the industry.

The Bank of Israel and Ministry of Finance have set up an inter-ministerial team, which will focus on strengthening competition in the deposits and credit sector for small businesses and households.

Many responses to Collison's post about his visit on X were virulently anti-Israel. The question, though, is what is Stripe looking for here?

Alon was chosen ahead of former Ministry of Finance director general Ram Belinkov and former Mercantile Bank chairperson Esther Deutsch.

The institutional stage of the 13-year and 25-year contingent convertible bond offering has raised NIS 640 million.

The investment by Citi, UBS, Morgan Stanley and State Street will be used to further grow Capitolis’ capital marketplace and portfolio optimization businesses.