Tag: Banks
Israeli banks ‘overreacting’ by freezing accounts due to US sanctions, expert says
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...
Tel Aviv court orders bank to transfer Abramovich donation to ZAKA
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 hid Nazi-linked accounts as recently as 2020
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...
Credit Suisse served Nazi clients as recently as 2020
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...
Saved by the Feds? US government steps in to help customers of Silicon Valley...
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
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...
Report: Palestinian banks not cooperating with Qatari deal to transfer funds to Gaza
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...
US court finds Iranian banks liable for deadly terror attack against US citizens
A U.S. federal court found the Iranian banks—Merkazi, Melli and Saderat—liable for the murder carried out by Hamas against U.S. citizens Eitam Henkin and his wife Na’ama in 2015.
Stein Mitchell Beato & Missner and...
US blacklists Iran’s financial sector, sanctions 18 banks
The United States has issued new sanctions targeting Iranian banks and blacklisted Iran’s financial sector.
The Trump administration announced on Thursday that it has sanctioned 18 Iranian banks, sixteen of them for operating in Iran’s...
Report: US considers new sanctions on Iran’s financial sector
The Trump administration is considering additional sanctions on Iran’s economy that would include targeting around 14 banks and designating its entire financial sector, reported Bloomberg earlier this week, citing three people familiar with the matter.
A designation of...