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FINANCIAL SERVICES

Uri Levin / Photo: Eyal Izhar, Globes Discount Bank jumps on Q1 results

The bank's credit loss expense soared 365%, but it still posted a NIS 279 million quarterly profit.

Hanan Friedman Leumi posts NIS 232m Q1 loss

Bank Leumi's provisions for the effects of the coronavirus pandemic fell entirely in the first quarter.

Eyal Shinar / Photo: Ashley Batz Mitsubishi UFJ invests $20m in B2B payment co Fundbox

MUFG Innovation Partners has tripled its investment in Fundbox’s Series C round, bringing total equity funding in the round to almost $200 million.

Ron Fainaro Israeli credit card co Max lays off 50

With credit card transactions down, Max, formerly Leumi Card is also cutting salaries of management and the board of directors by 10% until the end of the year.

Amnon Shashua Israel's Digital Bank to issue Isracard Mastercard cards

The collaboration with Isracard is an additional strategic milestone toward the establishment of the first independent digital bank in Israel.

SaverOne / Photo: company presentation Driving safety co SaverOne files for TASE IPO

SaverOne's solution prevents drivers from being distracted by mobile telephones, a major cause of road accidents.

Bank Leumi Photo: Eyal Izhar Leumi warns on NIS 200-300 million Q1 loss

The loss is due to credit loss provisions due to the coronavirus pandemic.

Eugene Kandel  / Photo: Oria Tadmor "After crisis local institutions must invest in Israeli tech"

Start-Up Nation Central CEO Eugene Kandel warns Israel's tech ecosystem won't recover from the crisis without Israeli institutional investors.

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