Banking Supervision Department is set to authorize Amnon Shashua taking full control of bank, after co-founder Marius Nacht bows out, person familiar says
Entrepreneurs Marius Nacht and Amnon Shashua, controlling shareholders of new bank, seek to raise funds needed for equity requirements from local, foreign investors
The approval marks the first time in 40 years a new bank will be set up in Israel; the plan is for a digital bank, without branches, that aims to compete with incumbent lenders
Calcalist: The co-founder and CEO of Mobileye is in advanced talks to join the new banking venture of billionaire Marius Nacht, also co-founder of Check Point Software
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