News

Banks sell 2.4 billion NIS of mortgages to Institutional buyers – Are we setting ourselves up for another subprime crisis?

The cooperation between Israel’s banks and Institutional investors is not new; these two industries have held hands on many occasions and in various fields of activity, effectively blocking out competition from abroad. Over the past few months this collaboration has strengthened with the purchase of 2.4b shekels worth of mortgages by institutions. Some of us will reminisce how this trend
Read more


“Mr. Barkat – these are not ‘ghost’ apartments; actually they keep your city alive.”

An idea, like a ghost, must be spoken to a little before it will explain itself.                                                                                                                 Charles Dickens Jerusalem’s rich and colorful folklore includes several interesting tales about the capital’s haunted houses and buildings. The Clal building on Jaffa street with its corpse in the foundations; the House of Death on Ben Maimon Street; The Health Ministry Building in
Read more



For the sake of the future of Israel’s economy, don’t chase away the overseas investors

Please Mr. Kachlon…For the sake of the future of Israel’s economy, don’t chase away the overseas investors. Like the majority of small countries, the economy of Israel is heavily reliant on foreign investments. Even before the State was officially declared, overseas investors and philanthropists financially supported the country. Since 2008 overseas investments have risen by more than 300% as investors
Read more


Anti money laundering – no more secrets

“If you reveal your secrets to the wind, you should not blame the wind from revealing them to the trees” (Khalil Gibran) Over the past few years, we have grown accustomed to the fact that a regular visit to the bank has become an interrogation, the likes of which the Spanish inquisition would not be ashamed of.  This trend is
Read more