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Israel's Mizrahi Tefahot Bank fourth quarter profit up on acquisition of rival


By Reuters Staff
2 Min Read
JERUSALEM (Reuters) - Israel’s third-largest bank, Mizrahi Tefahot, reported a 15% jump in fourth-quarter profit that was boosted by the acquisition of smaller rival Union Bank.
Mizrahi said on Tuesday it earned 506 million shekels ($152 million) in the October-December period, up from 440 million a year earlier. Without the impact of the Union Bank acquisition quarterly profit would have slipped 0.2% to 439 million shekels.
Mizrahi, Israel’s largest mortgage lender, said it has seen “a clear trend of customers returning to regular payments,” after it had allowed some payment deferrals due to the COVID-19 pandemic.
Less than 2% of the bank’s mortgage portfolio remains under full deferral, the bank said, a drop from 45.6 billion shekels last March to 3 billion shekels by the end of January.‮ ‬It expects the remainder of deferments to end in June. ....

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BK Tweet for International Women's Day Backfires | Mix 99.9


Mar 9, 2021
Burger King UK is taking heat for a controversial International Women s Day tweet that said, Women belong in the kitchen
The idea behind it? The chain wanted to draw attention to the lack of female representation in the culinary industry and highlight a program to help women employees pursue the career.
They followed up the controversial tweet with this message “If they want to, of course, yet only 20-percent of chefs are women. It went on to say, we’re on a mission to change the gender ratio in the restaurant industry by empowering female employees with the opportunity to pursue a culinary career.” ....

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