By News Brief On Sunday, April 3rd, 2016
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Brazilian Banker Joseph Safra Charged in Bribery Scheme

  Brazilian prosecutors have charged the world’s richest banker, Joseph Safra, for allegedly agreeing to pay more than $4 million in bribes to tax auditors to reduce or annul fines on unpaid taxes. The More...

By Viva Sarah Press On Monday, March 28th, 2016
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Israel Launches Social Impact Bond to Prevent Diabetes

#SocialFinance Social Finance Israel — a financial intermediary that aims to provide both social and financial returns to investors – recently launched a social impact bond venture that aims at preventing More...

By News On Thursday, March 10th, 2016
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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
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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
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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
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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
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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
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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
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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
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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...

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