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Everything you need to know about the upcoming transition away from LIBOR
What is LIBOR? LIBOR (London Interbank Offered Rate) is a benchmark rate that represents the amount banks would pay to borrow from one another on an unsecured basis. There are over $200 trillion in financial contracts tied to LIBOR. Why is it going away? A lack of underlying transactions that the index is meant to represent has caused regulators worldwide
Bank Leumi USA Branches Temporarily Closed
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 available to help you with
Bank Leumi Partners with Citizens Committee for New York City for Bronx Volunteer Days at Jardin La Roca Garden
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 space as part of Citizens
Bank Leumi USA Names Andrew Sherman General Counsel
Sherman Brings More than 25 Years of Legal Experience and Most Recently Worked at Rabobank NEW YORK, Oct. 4, 2019 – Bank Leumi USA announced today that it has hired Andrew Sherman as its General Counsel. Sherman will manage the Legal department, partnering with business teams to help advance the bank’s strategic vision. He will also advise President and CEO Avner
Bank Leumi USA Upgraded to A- Rating from Standard & Poor’s
NEW YORK, July 17, 2019 – Bank Leumi USA today announced that it has received an A- rating from Standard and Poor’s (S&P), designating it as a stable, investment-grade bank. The A- rating reflects S&P’s strong and stable outlook for the bank’s overall business as well as its financial and risk profile. “We have been a trusted partner to our clients
Bank Leumi USA Appoints Carl Nelor Chief Information Security Officer
NEW YORK, June 6, 2019 – Bank Leumi USA today announced that it has named Carl Nelor its new Chief Information Security Officer (CISO). In this role, Nelor heads the bank’s Information Security Team and is responsible for leading the execution and ongoing development of its Information and Cyber Security programs. He reports to Martin Droney, EVP and Chief Information Officer,
Bank Leumi USA Appoints Michael Zaremsky Head of U.S. Private Banking
Zaremsky previously served as Regional Head for New York Private Banking NEW YORK, April 25, 2019 – Bank Leumi USA announced today that it has named Michael Zaremsky its new Head of U.S. Private Banking. In this role, he is responsible for overseeing the regional U.S. Private Banking teams and ensuring continued collaboration between the Private Banking and Commercial Banking practices.