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Bank Hapoalim

TASE Losses Lighter Than Feared; Expert: Don't Panic

The Tel Aviv Stock Exchange dropped sharply early Sunday but regained much of the lost ground by day's end. The Tel Aviv 100 Index was down 4.6% to 683.5, after trading as low as 645. The Tel Aviv 25 Index was down 3.8% to...

Israel Stocks: Market held flat to higher -- till Wall Street stepped in

Israel stocks held up -- until Wall Street opened TEL AVIV (MarketWatch) - Israeli stocks held higher for much of Monday -- until Wall Street opened and the red ink flooded in, sending the market sharply lower in late trading....

Hapoalim seen missing return target

The bank may report a net operating loss. Bank Hapoalim (TASE: POLI; LSE:80OA) is expected to announce that it will not meet it 2008 return on operating profit target of 2-4%, published in May. The bank may even report net...

Landlord Leviev Owes $4 B.; Israeli Lenders Sweat

Israeli banks are growing increasingly fearful that Lev Leviev's Africa-Israel--owner of the old New York Times building and other New York City trophies--will be unable to repay the more the $4 billion (or 14 billion shekels)...

Hapoalim opposes Milomor stay in proceedings

The bank says that the motion will only serve the interests of Milomor chairman Freddi Robinson. Yitzhak Danon 2 Oct 08 18:51 Bank Hapoalim (TASE: POLI; LSE:80OA) today notified the Tel Aviv District Court that it opposes the...

Israeli Banks $$75m Exposed to Failed Washington Mutual

Nearly a week after the collapse of the Washington Mutual US Bank, Banks in Israel work to assess expected resultant losses. Globes Israeli business news reported that Bank Leumi (TASE: LUMI) did not have exact figures...

Israel Stocks: Tel Aviv higher; Teva forms Japan venture, loses legal round

Israel stocks higher; Teva loses a round in lawsuit TEL AVIV (MarketWatch) -- Israeli stocks traded broadly higher on Wednesday, led by banks, Teva Pharmaceutical Industries and real-estate companies. Late in the trading...

Leumi opens Bulgarian branch

Bulgaria and Romania joined the EU on January 1, 2007, and both countries have a very active Israeli business community. Bank Leumi (TASE: LUMI) has opened a branch in the Bulgarian capital of Sofia through Bank Leumi...

Thu: Tel Aviv 25 down 10.8% for week

Fears of a liquidity crisis in the local bond market dragged down bond prices as well. The Tel Aviv 25 Index fell 0.62% to 842.02 points, the Tel Aviv Index 100 fell 1.21% to 758.28 points, and the Tel-Tech fell 2.44% to...

Deutsche Bank: Israel's banks stable and liquid

"We expect losses to be limited in scope and not represent systematic risk." Deutsche Bank says that the Israeli banking system is both stable and liquid, despite the sharp decline in bank stocks in recent days. Deutsche...

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