How my family built a bank for the Lower East Side — and then destroyed it
Growing up, I had no clue about my family's role in the 1917 collapse of the Jarmulowsky Bank
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Film & TV From Israel, a thriller series so improbable that it has to be true
'Embezzlement' is based on the real-life story of the downfall of a bank and a family
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News When the banks say ‘no,’ Israelis in need turn to a growing nonprofit option
In the weeks leading up to Purim 2020, Evyatar Cohen built up his inventory at the Kos Shel Bracha Wine Shop, his Jerusalem liquor store. Then COVID-19 hit. Many Israelis canceled Purim celebrations and by Passover, Israel was under a strict nationwide lock down. Although the wine shop was technically open under the Israeli government’s…
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Fast Forward British Bank To Divest From Israeli Arms Maker Over ‘Human Rights’ Issues
(JTA) — Europe’s largest bank, the London-based HSBC, said it will divest from Israeli defense contractor Elbit over “human rights” issues. HSBC sources confirmed to the Jerusalem Post that the bank, said to be the seventh largest financial institution in the world, had divested from Elbit, one of Israel’s largest defense companies, the newspaper reported…
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Fast Forward Brooklyn Synagogue Pulls Cash From Chase In Climate Change Protest
NEW YORK (JTA) — Congregation Kolot Chayeinu in Brooklyn’s Park Slope neighborhood is removing its savings from JPMorgan Chase, making it the first U.S. synagogue to publicly divest from a bank or other corporation “to explicitly oppose the funding of fossil fuel and other related projects dangerous to the world in which we live,” according…
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Fast Forward Paradise Papers Show Where Major Jewish Political Donors Stash Their Cash
The so-called Paradise Papers, detailing how the world’s richest use offshore accounts to evade taxes, have exposed the investments of several major Jewish political donors, the New York Times reported. The papers show that when it comes to stashing their cash, the nation’s wealthiest are in-step with one another on how to do it —…
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Fast Forward Broker Says Morgan Stanley Fired Him For Having Hasidic Clients
A Staten Island man is claiming that Morgan Stanley, his former employer, fired him for pursuing Hasidic clients, SILive.com reported. Michael Pellegrino, a stockbroker, says that his bosses referred to Hasidic Jews as “unicorns” and disparaged him for having an association with the ultra-Orthodox Jewish community. According to a wrongful termination suit filed by Pellegrino,…
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Fast Forward This Is BitCoen, The First ‘Kosher’ Crypto-Currency
A Russian entrepreneur has unveiled a “kosher” cryptocurrency called BitCoen. In two months, when BitCoen has its “initial coin offering,” the cryptocurrency will join the ranks of Bitcoin, Ethereum and more than 900 other digital currencies that are traded directly between investors over the internet. The project is the brainchild of Viacheslav Semenchuk, a self-described…
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