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Janet Yellen, then chair of the Federal Reserve, testifies before the House Financial Services Committee, Nov. 4, 2015. Credit: Federal Reserve.

Biden administration calls for one-year Israeli extension of Palestinian banking agreement

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The Biden administration warned on Thursday that Israel’s decision to extend a waiver, allowing Israeli and Palestinian banks to transact business for only one more month, has created a “looming crisis” that might threaten...
Credit: CardMapr.nl Unsplash.

Cyberattack causes credit-card transaction issues in Israel

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A cyberattack caused some Israeli businesses to experience credit card payment problems on Tuesday morning, Shva (Automatic Bank Services) reported. According to the Israel-based company, a denial-of-service attack occurred starting at 7 a.m., causing disruptions...

Already under multi-state probe, MSCI allegedly penalizes Israeli banks that operate in Judea, Samaria

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The state-owned Bank of China operates a branch in the Xinjiang Uygur Autonomous Region, where Washington has assessed that China is committing genocide against the ethnic Uyghur population. Still, the major U.S. investment advisory firm MSCI...

Israeli banks ‘overreacting’ by freezing accounts due to US sanctions, expert says

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Israeli banks this week made the controversial decision to freeze the accounts of two Israelis sanctioned by the United States under an executive order signed by President Joe Biden. It is believed that the accounts of two other...
Russian-Israeli tycoon Roman Abramovich arrives at the Western Wall for his son Aaron's bar mitzvah, Dec. 20, 2022. Photo by Arie Leib Abrams/Flash90.

Tel Aviv court orders bank to transfer Abramovich donation to ZAKA

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The Tel Aviv District Court instructed Bank Mizrahi-Tefahot on Wednesday to transfer Roman Abramovich's 8 million-shekel ($2.2 million) donation to ZAKA, a volunteer search and rescue organization. The Russian-Israeli billionaire made the charitable contribution to...
Credit Suisse headquarters in Zürich, inaugurated in 1876. Credit: Roland zh via Wikimedia Commons.

Credit Suisse hid Nazi-linked accounts as recently as 2020

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As recently as 2020, investment banking and financial services giant Credit Suisse maintained accounts linked to Nazis. “Credit Suisse’s internal investigation into its historical Nazi ties was hampered by scoping restrictions and resulted in incomplete...
Forced concentration camp labor at U-boat pens in Bremen, 1944. Source: German Federal Archive via Wikimedia Commons.

Credit Suisse served Nazi clients as recently as 2020

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Banking giant Credit Suisse had dealings with and held accounts linked to Nazis from World War II until as recently as 2020, according to reports the U.S. Senate Budget Committee reports released on Israel’s Holocaust...
Silicon Valley Bank headquarters and branch in Santa Clara, Calif. Credit: Sundry Photography/Shutterstock.

Saved by the Feds? US government steps in to help customers of Silicon Valley...

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There was a tongue-in-cheek scene in the 1964 children’s film “Mary Poppins,” in which young Jane and Michael Banks, demanding their tuppence (“two pence”), inadvertently cause a run on an English bank. Chaos ensues...

Sir Evelyn de Rothschild, British financier and scion of banking dynasty, dies at 91

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Sir Evelyn de Rothschild, the London head of the Jewish family Rothschild banking dynasty, died on Nov. 8. He was 91. Rothschild died after a stroke at home in London, according to a family...
Palestinians receive financial aid from Qatar at a post office in Rafah in the southern Gaza Strip on Oct. 6, 2020. Photo by Abed Rahim Khatib/Flash90.

Report: Palestinian banks not cooperating with Qatari deal to transfer funds to Gaza

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Palestinian banks and monetary bodies are resisting a new deal reached between Qatar and the Palestinian Authority to transfer Qatari assistance to the Gaza Strip for fear of being exposed to legal action over terror-financing charges, Ynet reported...