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Bejski Commission
The Bejski Commission () was a National Commission of Inquiry established by the Israeli government on January 7, 1985. Headed by the Supreme Court justice Moshe Bejski, its remit was to examine events surrounding the 1983 Tel Aviv stock market crash, which led to a financial crisis and the nationalization of most of Israel's major banks. It issued a report on April 16, 1986, which concluded that major Israeli banks had been rigging the price of bank shares over a long period and called for the dismissal or resignation of many of the heads of the Israeli banking system. Moshe Mendlelbaum, then governor of the Bank of Israel, resigned; Ernst Jephet of Bank Leumi Bank Leumi (, lit. ''National Bank''; ) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust () Limited formed before in London by members of the Zionism, ... retired with a $5 million agreement; Rafael Recanti refused to resign as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Israel
Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Israeli-occupied territories, It occupies the Occupied Palestinian territories, Palestinian territories of the West Bank in the east and the Gaza Strip in the south-west. Israel also has a small coastline on the Red Sea at its southernmost point, and part of the Dead Sea lies along its eastern border. Status of Jerusalem, Its proclaimed capital is Jerusalem, while Tel Aviv is the country's Gush Dan, largest urban area and Economy of Israel, economic center. Israel is located in a region known as the Land of Israel, synonymous with the Palestine (region), Palestine region, the Holy Land, and Canaan. In antiquity, it was home to the Canaanite civilisation followed by the History of ancient Israel and Judah, kingdoms of Israel and Judah. Situate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Moshe Bejski
Moshe Bejski (; 29 December 1921 – 6 March 2007) was a Polish-born Israeli Supreme Court Justice and President of Yad Vashem's Righteous Among the Nations Commission. After surviving the Holocaust with the help of Oskar Schindler, Bejski immigrated to Israel. In 1961, he testified about his experiences during the Holocaust during the trial of Adolf Eichmann. He served on the Tel Aviv-Yafo district court from 1968 to 1979 and was appointed to the Supreme Court of Israel, where he served from 1979 to 1991. As President of the Righteous Commission from 1975 to 1991, Bejski helped honor thousands of Holocaust rescuers. He also headed the Bejski Commission in the aftermath of the 1983 Israel bank stock crisis, which led to the nationalization of most of Israel's major banks. Life Childhood in Poland Moshe Bejski was born in the village of Działoszyce, near Kraków, Poland, on 29 December 1921. During his youth, he joined a Zionist organization that organized the move of young ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
1983 Israel Bank Stock Crisis
The bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed. In previous episodes of share price weakness, the banks bought back their own stocks, creating the appearance of constant demand for the stock, and artificially supporting their values. By October 1983, the banks no longer had the capital to buy back shares and to support the prices causing share prices to collapse. The Tel Aviv Stock Exchange closed for eighteen days beginning October 6, 1983, whilst a recovery plan was implemented and the banks were nationalized. History During the 1970s, Bank Hapoalim, and its manager, Yaakov Levinson, began attempting to control the bank's stock price on the Tel Aviv Stock Exchange by recommending to their customers that they invest in the bank's stocks by fraudulently providing guarantees that the prices of shares in the banks would rise indefinitely. These investments allowed the bank to inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Bank Of Israel
The Bank of Israel (, ) is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron. The primary objective of the Bank of Israel is to maintain stability in prices and the financial system in Israel. It also administers and implements monetary policy in Israel, conducts foreign exchange operations, supervises and regulates the banking system, takes care of the foreign reserves and operations of the financial market infrastructure. The Bank of Israel has, under Article 41 and 44 of its Statute, the exclusive right to issue Israeli Shekel banknotes and coins. History Establishment and early years When Israel gained independence in 1948, the power of note issuance was vested with the Anglo-Palestine Bank, which was refounded as Bank Leumi in 1950. This was done due to the urgency at the time to produce notes. Monetary policy and banking supervision remained controlle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Bank Leumi
Bank Leumi (, lit. ''National Bank''; ) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust () Limited formed before in London by members of the Zionism, Zionist movement to promote the industry, construction, agriculture, and infrastructure of the land hoped to ultimately become Israel. Today, Bank Leumi is Israel's largest bank (by total assets as of 2015), with overseas offices in Luxembourg, US, Switzerland, the UK, Mexico, Uruguay, Romania, Jersey, and China. Though nationalized in 1981, now Bank Leumi is mainly in private hands, with the government as the largest single shareholder, with 14.8% of the stock, The other major shareholders are Shlomo Eliyahu and Barnea Investments, which each hold 10% of the stock, constituting the control core of the bank. Sixty percent of the bank's stocks are held by the public and traded on the Tel Aviv Stock Exchange. History The antecedents of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Israel Discount Bank
Israel Discount Bank, Ltd. () is an Israeli banking institution that offers a range of financial services, including retail banking, commercial banking, private banking, and financial services. The bank, headquartered in Tel Aviv, operates 112 branches throughout Israel. Founded on 5 April 1935 in Tel Aviv, Mandatory Palestine, the bank has grown to become a significant player in the Israeli banking industry. It is a public company listed on the Tel Aviv Stock Exchange under the symbol DSCT and is included in the Tel Aviv 35 Index. The bank's product portfolio includes credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, and wealth management. It serves its customers through various channels including physical branches, online banking, and mobile banking. As of 2018, the bank reported revenues of ₪ 9.02 billion, operating income of ₪ 1.5 bill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Peretz Kidron
Peretz Kidron (; 29 July 1933 – 6 November 2011) was an Israeli writer, journalist and translator. Biography He was born in Vienna, the son of Sara and Herman Kirchenbaum aywho were devoted Zionists and supporters of the Jewish state. His family escaped to Great Britain in 1938 following the annexation of Austria into Nazi Germany. After completing his secondary education in Britain he emigrated to Israel, where he lived on and off in Kibbutz Zikim for about 15 years. Both of his children were born in the kibbutz. During this period he was sent by the kibbutz to the UK as a youth leader for the Zionist leftist youth movement Hashomer Hatzair, to prepare and bring Jewish youth to migrate to Israel. In the early 1970s, he graduated from Tel-Aviv University in English and translation. From the late 1960s, he became active in the Israeli peace movement. In 1975, he was a founding member of the Israeli Council for Israeli-Palestinian Peace and served on the steering committee of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
