The shekel-dollar rate went below psychological threshold of NIS 3.40 to the dollar on September 1, the Israeli currency's strongest level since July 2008

Reuters: Leumi reported net profit of NIS 694 million ($204 million) in the quarter, compared with NIS 923 million a year earlier and NIS 430 million forecast by a poll of analysts

Previous crises have shown economists that if young unemployed men and women don't get back to work quickly, they could get stuck on the margins of the labor force for good

Reuters: Leumi, one of Israel’s two largest banks, lost NIS 232 million ($66 million) in the first quarter, compared with a net profit of NIS 1.09 billion a year earlier

Should the virus not be constrained in a few weeks, a reduction in supplies from China could cause a slowdown in any sector dependent on imports, Bank Leumi's chief economist says

Incoming executive has spent over five years at the bank, recently overseeing strategy and innovation; nomination must still be approved by the Bank of Israel

Reuters: Leumi says it earned NIS 923 million ($265 million) in the second quarter, up from NIS 903 million a year earlier

The 48-year-old, a director at Leumi since 2014, becomes first Arab chairman at an Israeli lender

Russak-Aminoach has navigated the bank through job cuts, orchestrated the sale of its credit card unit and reached a $400 million settlement with US regulators