Misplaced Pages

Israel-British Bank: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editNext edit →Content deleted Content addedVisualWikitext
Revision as of 20:51, 16 April 2013 editMhockey (talk | contribs)Autopatrolled, Extended confirmed users82,560 edits removed Category:Banking in the United Kingdom; added Category:Defunct banks of the United Kingdom using HotCat← Previous edit Revision as of 19:49, 9 June 2013 edit undoAcad Ronin (talk | contribs)Autopatrolled, Extended confirmed users, Pending changes reviewers, Rollbackers139,979 editsNo edit summaryNext edit →
Line 1: Line 1:
'''Israel-British Bank''' was a bank founded in the 1930s by ] immigrants to ] as the ''Immigrant Bank''. It was purchased in 1938 by Nahum Zeev Williams and on his death passed into the hands of a group headed by his family, associated with the ].<ref>Sedan, Gil. . JULY 11, 1974</ref> '''Israel-British Bank''' was a bank founded in 1929 as the Bank Haolin Eretz-Israel Polonia Bank by ] immigrants to ], and was known as the ''Immigrant Bank''. In 1930 it was re-established as Palestine-British Bank. By 1961 it had branches in Tel Aviv, Jerusalem, Haifa, ], Jaffa, and London. On 1 August 1965 it became the Israeli-British Bank. On 1 October 1968 the London branch became a newly formed subsidiary under the title of Israel-British Bank (London).

Nahum Zeev Williams purchased it in 1938 and on his death the bank passed into the hands of a group headed by his family, associated with the ].<ref>Sedan, Gil. . JULY 11, 1974</ref>


In July 1974 the bank collapsed, owing British investors £46.6 million. ], the managing director of Israel-British Bank was convicted of embezzling £20 million ($39.4 million) from the bank. He was sentenced to 12 years in prison. After urging of the Israeli prime minister ] in 1977, Ben-Zion was pardoned by the Israeli president ], on medical grounds. He was released after serving three years.<ref>Langer, Felicia (1974) '''With my own eyes. Israel and the Occupied Territories 1967-1973'''. Ithaca Press. ISBN 0-903729-10-5. Page 126.</ref><ref>Israel Yearbook on Human Rights 1979, Volume 9; Volume 1979 By Yoram Dinstein, p. 2011</ref><ref>Justice in Israel: a study of the Israeli judiciary, p. 241</ref> In July 1974 the bank collapsed, owing British investors £46.6 million. ], the managing director of Israel-British Bank was convicted of embezzling £20 million ($39.4 million) from the bank. He was sentenced to 12 years in prison. After urging of the Israeli prime minister ] in 1977, Ben-Zion was pardoned by the Israeli president ], on medical grounds. He was released after serving three years.<ref>Langer, Felicia (1974) '''With my own eyes. Israel and the Occupied Territories 1967-1973'''. Ithaca Press. ISBN 0-903729-10-5. Page 126.</ref><ref>Israel Yearbook on Human Rights 1979, Volume 9; Volume 1979 By Yoram Dinstein, p. 2011</ref><ref>Justice in Israel: a study of the Israeli judiciary, p. 241</ref>

Revision as of 19:49, 9 June 2013

Israel-British Bank was a bank founded in 1929 as the Bank Haolin Eretz-Israel Polonia Bank by Polish Jewish immigrants to Mandate Palestine, and was known as the Immigrant Bank. In 1930 it was re-established as Palestine-British Bank. By 1961 it had branches in Tel Aviv, Jerusalem, Haifa, Nathanya, Jaffa, and London. On 1 August 1965 it became the Israeli-British Bank. On 1 October 1968 the London branch became a newly formed subsidiary under the title of Israel-British Bank (London).

Nahum Zeev Williams purchased it in 1938 and on his death the bank passed into the hands of a group headed by his family, associated with the Mizrachi movement.

In July 1974 the bank collapsed, owing British investors £46.6 million. Yehoshua Ben-Zion, the managing director of Israel-British Bank was convicted of embezzling £20 million ($39.4 million) from the bank. He was sentenced to 12 years in prison. After urging of the Israeli prime minister Menachem Begin in 1977, Ben-Zion was pardoned by the Israeli president Ephraim Katzir, on medical grounds. He was released after serving three years.

References

  1. Sedan, Gil. Bank scandal hits Israel. JULY 11, 1974
  2. Langer, Felicia (1974) With my own eyes. Israel and the Occupied Territories 1967-1973. Ithaca Press. ISBN 0-903729-10-5. Page 126.
  3. Israel Yearbook on Human Rights 1979, Volume 9; Volume 1979 By Yoram Dinstein, p. 2011
  4. Justice in Israel: a study of the Israeli judiciary, p. 241
Stub icon 1 Stub icon 2

This bank and insurance-related article is a stub. You can help Misplaced Pages by expanding it.

Categories: