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"Hapoalim Investments" was the bank's investment house, established in 1963 under the name "Bank Hapoalim Investment Company Ltd." Over the years, "Hapoalim Investments" became one of Israel's leading companies in promoting diverse investments in fields such as industry, advanced technology, communications, advertising, computing, trade, real ...
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Bank Est. Remarks Arab Israel Bank: 1961: Arab Israel Bank was wholly owned by Bank Leumi and was merged into Leumi in 2016 Mercantile Discount Bank: 1971: Mercantile Discount Bank is a subsidiary of Israel Discount Bank: Bank of Jerusalem: 1963: Bank Otsar Ha-Hayal: 1946: Bank Otsar Ha-Hayal is a brand of First International Bank: Union Bank ...
Israel's biggest bank, Hapoalim, <POLI.TA> said on Wednesday it expects to pay $870 million to settle a U.S. tax evasion investigation. The bank said in a regulatory filing it will increase its ...
Bank Hapoalim B.M. has agreed to pay nearly $875 million to the U.S. government to resolve charges it conspired with American taxpayers and others to hide over $7.6 billion in Swiss and Israeli ...
In addition, the bank holds a 50% stake in Bank Yahav. In 2022, it merged with the activity of Agudath Bank, acquiring 100% of the bank's shares. Fourth oldest bank in Israel is Discount Bank, founded in 1935 as "Bank Leumi Leisrael" by the Cruso, Elbow, and Recanati families.
Bank Hapoalim, Israel's largest lender, reported on Thursday a drop in quarterly net profit that missed analysts' forecasts due to a provision related to an ongoing U.S. tax evasion investigation.
Hyperinflation saddled its business empire with enormous debts, and slow economic growth exposed its inefficiencies. Due to debts, the Histadrut began giving up its business holdings. It lost control of Bank Hapoalim in the aftermath of the 1983 Israel bank stock crisis, when the Israeli government nationalized it along with other major banks. [11]