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Bank Hapoalim (Hebrew: בנק הפועלים lit. The Workers' Bank) is one of the largest banks in Israel, established in 1921.The bank offers a broad range of financial services to retail, corporate, and institutional customers, with a focus on retail banking services. [2]
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 ...
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 ...
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.
The bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed. In previous episodes of share price weakness, the banks bought back their own stocks , creating the appearance of constant demand for the stock, and artificially supporting their values.
Bank Hapoalim, one of Israel's largest financial institutions, had announced in late 2002 that it was about to cut 10% of its workforce of about 900 employees, many of whom were tenured under the bank's employment contract. [7]
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.