Israeli banknotes will soon be graced with female faces of the Hebrew poetesses Rachel Bluwstein and Leah Goldberg. When the banknotes are released at end of this year they will be the only Israeli bills with women on them currently in circulation. Bluwstein, who will appear on the 20 shekel note (the equivalent of $5.30),…
Steve Mnuchin’s financial skeletons could come back to haunt him as he tries to win confirmation as President-elect Donald Trump’s Secretary of the Treasury. A leaked memo from the California Attorney General’s office that alleges his bank routinely violated the state’s laws in foreclosing on homes. A bank executive admitted “robo-signing” foreclosures every 30 seconds,…
A U.S. court on Wednesday rejected an appeal by victims of Hezbollah rocket attacks in Israel who sought to hold Lebanese Canadian Bank SAL liable for financing Hezbollah through its New York account with American Express Bank. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in New York said it lacked jurisdiction…
The relatives of German Jews whose art collection was seized by the Nazis have sued UBS, claiming the Swiss bank cheated them out of their inheritance. The family of Ludwig and Margret Kainer — the children of their cousins — filed lawsuits in New York and Switzerland contending that the bank never made an effort…
South Africa’s Archbishop Desmond Tutu on Wednesday urged Dutch pension fund ABP, the world’s third largest, to “strike a powerful, non-violent blow for peace in the Middle East” by divesting from three Israeli banks. An ABP spokeswoman said the management board would discuss Tutu’s appeal at its monthly meeting on Thursday, alongside a letter from…
(Reuters) — Federal Reserve Chair Janet Yellen wants to see U.S. wages climb at a much brisker clip to boost consumer spending and help workers recoup ground they lost in the last recession, but she’ll have to fend off policymakers who fear that could cause inflation to surge. As she seeks to maintain a consensus…
Stanley Fischer, a former Bank of Israel governor, was confirmed by the U.S. Senate as vice chairman of the Federal Reserve. The confirmation vote on Thursday was 63-24, the Los Angeles Times reported. Fischer, 70, succeeds Janet Yellen, who was elevated to Fed chairwoman in February to follow Ben Bernanke. All three are Jewish. Last…
A former executive at BNP Paribas North America Inc. filed a federal lawsuit alleging that he was fired by the bank after complaining about a training video that featured Nazi imagery. Jean-Marc Orlando said in the suit filed Friday in Manhattan U.S. District Court that he was terminated as managing director in the bank’s fixed-income…
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