Shashua to buy holdings of co-founder Marius Nacht and inject $60 million into the fully digital bank, which expects to start operations in 2021

Experts, MKs outraged as interest rates raised on loans and mortgages; banks say Israel not giving them enough cover as pandemic crisis adds to risk

Globes: Ber, the regulator of Israel's banks, has asked to step down from her position on April 15, 2020, after a term of close to five years

Reuters: Bank Hapoalim, Israel’s largest bank, said Wednesday third quarter net profit dropped 22.5% to 736 million shekels ($213 million)

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

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

Appointment comes on the heels of Israel Discount Bank appointing Uri Levin as its new chief

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

Three leaders of the five main banking groups are stepping down, with a 2016 law capping wages in the financial sector among the reasons top talent is turning to other sectors