Irit Avissar On Sunday, August 16th, 2015

Globes: El Al in talks to buy Diners credit card stake from Alon

Sources inform “Globes” that El Al, is in preliminary talks with Alon Israel Oil Company Ltd. to acquire 49% of Diners Club credit card company. Another possible scenario, Globes reports, is More...

Irit Avissar On Thursday, June 25th, 2015

Israeli banks restricting foreign customers who won’t waive secrecy

  In recent years, banks in Israel and abroad have raised their levels of vigilance in relation to overseas customers, following tighter regulation in this area, designed particularly to combat tax More...

Irit Avissar On Wednesday, May 13th, 2015

Hapoalim receives offer to buy Turkish unit BankPozitif

  Bank Hapoalim (TASE: POLI) has received an offer to acquire BankPozitif, the Turkish unit that it controls, the Israeli bank has reported to the Tel Aviv Stock Exchange (TASE). The offer is from a More...

Irit Avissar On Sunday, January 18th, 2015

Bank of Israel spikes Wertheim succession at Mizrahi Tefahot

The Bank of Israel is not granting a bank control permit to Mozi Wertheim’s children David and Drorit.     The Bank of Israel is not granting a control permit to the children of Moshe (Mozi) More...

Foreign Account Tax Compliance Act (FATCA) , TAX , Financial
Irit Avissar On Tuesday, January 13th, 2015

Israeli banks extend FATCA declarations to businesses

By next year, the US Internal Revenue Service will require all Israeli businesses to declare whether any shareholders are US citizens.   The US Foreign Account Compliance Act (FATCA) regulations are being More...

Irit Avissar On Monday, January 12th, 2015

More Leumi shareholders demand explanations

Jewish Colonial Trust has joined those asking for clarifications of the settlement with former bank officers in the US tax evasion affair. Additional shareholders in Bank Leumi (TASE: LUMI) have asked the bank More...

Irit Avissar On Thursday, January 8th, 2015

US Internal Revenue staff in Israel for tax evasion talks

The meeting is to implement the information exchange agreement between Israel and the US. A delegation from the US Internal Revenue Service (IRS) visited Israel last week to meet representatives of the Israel More...

Irit Avissar On Wednesday, December 31st, 2014

Swiss banks target Israeli tax evaders

Swiss banks are demanding that account holders show confirmation that capital has been reported to the Israel Tax Authority. Swiss banks are training their crosshairs on Israeli customers. Legal sources said More...

Irit Avissar On Thursday, December 25th, 2014

Cooperation With US Authorities Paid Off for Leumi

– Full cooperation with the US tax evasion probe limited Bank Leumi’s damage, but leaves customers and employees exposed. –   Bank Leumi (TASE: LUMI) and the US authorities this week More...

Irit Avissar On Sunday, December 21st, 2014

ScotiaBank to buy Discount Bank Latin America

– ScotiaBank has signed an agreement to buy Israel Discount Bank’s Uruguay unit for $65 million. – Israel Discount Bank (TASE: DSCT) has announced that it has signed an agreement to sell its More...

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