Finance


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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The Lehman Moment Still Is With Us

Today [September 15, 2016] is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry. Senator…

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Finance Ministry Rattled by Low Growth Figures

In the light of data showing a slowdown in the Israeli economy, the Ministry of Finance is considering emergency measures to encourage growth that will enable the government to stay…

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Cuomo: Campaign Finance Reform Tops Priorities

Gov. Andrew Cuomo on Tuesday unveiled a new proposal to close a campaign finance loophole linked to Albany’s culture of corruption, naming it one of his top legislative priorities as…

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Gov’t to Guarantee Housing Program With NIS 500M

The state will guarantee its low-cost Price Resident program to the tune of over half a billion shekels, the Knesset Finance Committee said Monday. The money will provide guarantees to…

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Restore Bank Customers’ Right to Sue as Groups

Few Americans bother reading the fine-print legalese that accompanies credit card applications, banking services or other routine personal finance or business transactions. And many have later discovered, to their surprise…

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Metlife Fined $20M for Variable Annuities Switches

MetLife has been fined $20 million by Wall Street’s policing body for misleading customers in switching them from variable annuities contracts into more expensive ones. The Financial Industry Regulatory Authority…

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Israel Ranked 33rd for Purchasing Power

In its latest survey wrapping up 2015, the Global Finance magazine placed Israel 33rd in its list of the world’s wealthiest countries. Based on PPP (Purchasing Parity Power), Israeli households earned…

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