Bank Leumi le-Israel has established a new subsidiary specializing in Israel securities, according to an announcement here today. The new firm-Leumi Securities Corporation-will serve banks, brokers, financial institutions and other dealers throughout the Western Hemisphere, and has an initial capital of $100,000. Israel D. Frumkin was appointed executive vice-president of the Corporation.
The decision to organize Leumi Securities, it was stated, was prompted by the need for a well-managed over-the-counter service for the estimated 100,000 holders of Israel stocks and many more holders of Israel bonds in the U.S. and Canada.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
