Finance


Israeli Government Lets Pyramid Loophole Stand, For Now

Minister of Justice Ayelet Shaked decided on Thursday to let stand a loophole in the law regulating business concentration, allowing IDB Development Corporation to be considered in compliance with restrictions…

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Black Marks Fall Off Credit Reports in July

Starting July 1, the credit scores of up to 14 million people could begin to rise as credit reports are scrubbed of nearly all civil judgments and many tax liens.…

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House Panel Votes to Overhaul Dodd-Frank

House Republicans took a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis, pushing forward sweeping legislation that would undo much of…

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Ant Financial Is Considering Higher Offer for MoneyGram

Ant Financial said it’s considering whether to make a higher offer for U.S. money-transfer firm MoneyGram International Inc., after that company said an unsolicited takeover bid by a smaller, little-known…

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FBI Takes Aim at Binary Options Fraud

The FBI has given its highest priority to fighting binary options fraud, putting it above its “most wanted” list and “missing persons” alerts on the agency website. The agency now…

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Kahlon: Strong Shekel Not a Crisis

Finance Minister Moshe Kahlon sought to calm exporters at a conference of senior government officials and private sector leaders on Monday, after the shekel maintained strength against the dollar and…

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Poll: Chareidim Prefer Gemachs Over Banks

When a member of the chareidi community needs a loan, he is much more likely to approach family or friends, or a gemach – and not a bank, according to…

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