By News On Thursday, March 10th, 2016

Privatbank Edmond De Rothschild (Suisse) Gets Record $8.2 Billion New Money, Bloomberg

Edmond de Rothschild’s Swiss bank said it attracted a record amount of net new money last year and warned that markets will continue to be volatile in 2016. Clients added 8.2 billion Swiss francs ($8.2 billion) More...

By News On Friday, February 19th, 2016

Sandy Weill Retires as Chairman of Hamilton Insurance Group; Will Serve as Consultant

  Top banker Sandy Weill has retired as chairman of the board of Hamilton Insurance Group. Mr Weill, former chairman of Citigroup, will be succeeded by Hamilton founder and chief executive officer Brian More...

By Ilan Shavit On Thursday, February 18th, 2016

24 Hours After Fosun Deal Collapses Delek Sell Phoenix to AmTrust

  Just 24 hours after the cancellation of the sale of Israeli insurance unit Phoenix Holdings to China’s Fosun Group, Delek Group Ltd., led by Yitzhak Tshuva, has announced that it has signed a More...

By Jewish Business News On Friday, February 12th, 2016

Dimon Just Spent a Year’s Pay on JPMorgan Stock After Bank Rout

  Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., spent $26.6 million to buy shares of his bank Thursday after they fallen to the lowest price in more than two years. The More...

By Niva Goldberg On Friday, February 12th, 2016

AIG Names John Paulson and Icahn Ally Merksamer to Board

John Paulson, the hedge fund manager, and Samuel Merksamer, a managing director at Icahn Capital, are to become directors from May, AIG said on Thursday. The board of American International Group Inc., More...

By Ilan Shavit On Friday, February 5th, 2016

Julius Baer Admits to U.S. Tax Fraud, to Pay $547 Million

Switzerland’s third-largest wealth manager, Julius Baer Group Ltd.,  agreed to pay $547 million to avoid U.S. prosecution and admitted it helped American clients hide billions of dollars in assets from tax More...

By sima On Tuesday, January 26th, 2016

How AIG Will Return $25 Billion to Shareholders While Rebuffing Icahn

  Returning at Least $25 Billion of Capital to Shareholders over Next Two Years  Executing IPO of up to 19.9 percent of United Guaranty Corporation as a First Step Towards a Full Separation Streamlining the More...

By Jewish Business News Correspondent On Tuesday, January 26th, 2016

AmTrust Acquires Pennsylvania’s ARI Insurance

  US-based insurance firm AmTrust Financial Services has completed the acquisition of Pennsylvania-based ARI Insurance (ARI Mutual Insurance). Terms of the deal, first announced in March 2015, have not More...

By News Brief On Saturday, January 23rd, 2016

JPMorgan Chief Dimon Gets 35 Percent Raise to $27 Million; Morgan Stanley Cuts Gorman’s Pay 6.7 Percent to $21 Million for 2015

    Package includes $4.64 million of stock, $1.5 million salary Bank’s stock slumped 18% last year, lagging behind rivals Morgan Stanley cut Chief Executive Officer James Gorman’s compensation More...

By Richard Horowitz On Thursday, January 14th, 2016

U.S. Church Puts 5 Banks From Israel on a Blacklist

The pension fund of the United Methodist Church in the U.S., (the General Board of Pension and Health Benefits), recently placed five Israeli banks on a list of 39 businesses in which the fund will not invest, More...


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