September 24, 2008

INDUSTRIAL DEV’T: Mulls Losing Perks Due to License Revocation

COMPANIES: Industrial Development Bank of Israel Ltd.
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Industrial Development Bank of Israel Ltd. expects that as a result of the revocation of its banking license it may lose certain benefits it enjoys in its capacity as a banking entity in conducting legal proceedings against its customers.

In his…

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TOPICS: Accounting | Banking | Earnings | Financial Services | Legal Issues, Litigation | Loans & Financing | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US
LOCATIONS: Israel | Middle East