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 … Read more

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 … Read more

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 … Read more

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 … Read more

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, … Read more

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 … Read more