Tag: Banking in Israel
Bill Approved to Increase Competition in Israeli Financial Sector
The main clauses of the bill include a separation of the major Israeli banks from Israeli credit companies. The three largest Israeli banks also currently own and operate the credit card companies.
Official: Israeli CEO Salary Cap Law May Result in Hundreds Fleeing Banking Industry
The banks fear that if the caps apply retroactively and include severance pay and pensions, a much larger number of bank officials would be seeking to leave before the law goes into effect in October.