High-profile appointments of women in recent years have created the impression that the gender gap is rapidly closing. This is particularly the case in the financial sector. Three of Israel’s five largest banks are run by women — Rakefet Russak-Aminoach at Bank Leumi, Lilach Asher-Topilsky at Israel Discount Bank and Smadar Barber-Tsadik at the First…
A commemorative coin to mark the 60th anniversary of the establishment of the Yad Vashem Holocaust memorial museum was issued by the Bank of Israel. The coin was presented to Yad Vashem Chairman Avner Shalev during a ceremony at Yad Vashem on Sunday night. The new Governor of the Bank of Israel, Dr. Karnit Flug,…
Dr. Karnit Flug has been chosen to serve as Israel’s next governor of the Bank of Israel, the first woman ever to hold the prestigious position. Flug, whose appointment was announced Sunday by Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid, previously served as deputy governor of the Bank of Israel since July 2011,…
As the clock ticks down to Barack Obama’s final decision on Ben Bernanke’s replacement to head the Fed, it seems more and more certain that Larry Summers, the controversial former Treasury Secretary, will get the nod. But in elite financial circles, it has been Stanley Fischer, a naturalized-American and the former head of the bank…
Mario Blejer, Prime Minister Benjamin Netanyahu’s new candidate to become Bank of Israel governor, found himself in a media storm in 2008 after it emerged his wife had had an affair with Dominique Strauss-Kahn, then head of the International Monetary Fund. Blejer was a senior IMF official at the time, and his second wife Piroska…
In a major embarrassment for Israel, Leo Leiderman announced on Friday he was withdrawing his candidacy to become the next governor of the Bank of Israel, the second nominee to pull out within less than a week. Leiderman, chief economist at Bank Hapoalim, told Prime Minister Benjamin Netanyahu that he did not want the glare…
Prime Minister Benjamin Netanyahu’s choice for the next Bank of Israel governor has withdrawn his candidacy for the post, after an investigation was opened into an alleged 2006 shoplifting affair at the Hong Kong airport. The probe began after it came to light that when submitting his bid, Professor Jacob Frenkel had omitted mention of…
The next governor of the Bank of Israel will be an old governor of the Israeli central bank – none other than Jacob A. Frenkel, Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid announced on Sunday. Frenkel last led the Israeli central bank from 1991 to the year 2000. He has spent the last…
במשך פֿון זיבן יאָר האָט דזשעף לויִס אַוועקגעגעבן צען טויזנט שפּײַזקאַרטלעך.
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