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Led by Gil Bufman, Bank Leumi Israel Chief Economist Gil has served as Bank Leumi Israel Chief Economist since 2001. Gil has a lifetime of experience in Economics, having held senior positions at Bank Leumi, Bank of Israel, as well as the Ministry of Finance in Israel. He holds a Ph.D. from Tel Aviv University.
Bank Leumi invites you to a live Q&A with Dr. John Torres, Chief Medical Correspondent for NBC, on the path to reopening the economy from a medical and public health policy perspective. The conversation will be moderated by John P. McGann, Bank Leumi Chief Administrative Officer.
Macro Commentary: As expected, the Fed kept its target rate range at 0%-0.25% on Wednesday. Chair Powell said “we’re not going to be in any hurry to move rates up” after being questioned for clarity on the Fed’s forward guidance. Since March 20th, initial unemployment claims have totaled approximately 33.5 million, setting the stage for … Read more
Greetings, Welcome to the latest edition of Leumi’s Weekly Reading List. I hope that you and your loved ones are healthy and out of harm’s way. “Sell in May and go away” is an old Wall Street adage advising clients to stay out of the market during the “summer” period of May through October. With … Read more
Welcome to another edition of Leumi’s Weekly Reading List.Another volatile week with headlines dominated by coronavirus and the impact on the economy, the stock and bond markets, US oil futures, and unemployment claims. And as expected, the Fed provided more economic support with President Trump signing a $484 billion bill granting relief to small businesses … Read more
Dear Clients, To ensure the health and safety of our employees, clients, and community, we are temporarily closing the New York, Aventura, Chicago, and Los Angeles branches of Bank Leumi USA until further notice. We are committed to providing you with the best possible banking experience at all times. Our team is still working and … Read more
David Paulson and Jeff Steigelman Bring Industry-Leading Experience Amid Bank’s Continued Growth NEW YORK, Feb. 4, 2020 – Bank Leumi USA today announced the appointment of David Paulson as Chief Banking Officer and Jeff Steigelman as Chicago Market President, respectively. Paulson will report directly to Leumi President and CEO, Avner Mendelson. He replaces Shawn McGowen, who … Read more
Leumi Head of ABL Extends Long-Standing Relationship with Industry-Leading Trade Body NEW YORK, Dec. 19, 2019 – John DePledge, Head of Asset Based Lending at Bank Leumi USA, has been appointed to the Executive Committee of Secured Finance Network (SFNet), an international trade association for organizations and professionals delivering secured financing solutions to businesses totaling $4.1 … Read more
Leumi Volunteers with Members of Jardin La Roca Garden as part of Citizens Committee for New York City’s “Love Your City” program. NEW YORK, Oct. 30, 2019 – Nearly 200 volunteers from Bank Leumi spent the past two days working with members of Jardin La Roca Garden to help maintain and beautify this great community green … Read more
Bank Leumi Appoints John DePledge as Head of Asset-Based Lending. NEW YORK, Oct. 15, 2019 – Bank Leumi USA announced today that it has hired John DePledge to head its New York-based Asset-Based Lending (ABL) business. In this role, DePledge will manage the continued expansion and growth of the bank’s ABL practice, launched by Leumi in … Read more