Wall Street crisis to directly impact Israeli economy

Monday, September 15, 2008 |  Israel Today Staff

Monday morning's crisis on Wall Street surrounding the collapse of Lehman Brothers Holding Inc. is set to have a major impact on the Israeli economy, reported Israel National News.

One of Wall Street's heavy hitters, especially in the mortgage market, Lehman Brothers was one of the first international banks to open a branch in Israel. The bank has invested in businesses and public institutions across the Jewish state to the tune of about $250 million.

Lehman Brothers declared bankruptcy after its stock dropped nearly 94 percent this year.

Want more news from Israel?
Click Here to sign up for our FREE daily email updates

Current Issue

Advertisements

Sign Up for Daily Email Updates

Keep up with events in Israel with our FREE daily email newsletter and special offers.

Popular Posts

An Arab Pastor Speaks Out on Gaza
Arab pastor of Israeli Messianic...