By Jewish Business News On Sunday, July 3rd, 2016

Delek Group to Sell Israeli Insurer Phoenix to China’s Fujian Yango for $481 Million

Delek Group said it signed a non-binding deal to sell its insurance unit Phoenix Holdings to China’s Fujian Yango Group for at least 1.85 billion shekels ($481 million) in cash,  according to a notification More...

By The Tower On Wednesday, May 18th, 2016

European Banks Avoiding Business With Iran Due to Money Laundering, Terror Finance Concerns

European banks remain skeptical of doing business with Iran because the country continues to be blacklisted by the Financial Action Task Force, a global watchdog supported by more than 30 Western countries More...

By News Brief On Sunday, April 3rd, 2016

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

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...


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