Barclay’s Bank, a landmark here since Britain assumed the mandate for Palestine after World War I, will be absorbed by the Israel Discount Bank on Jan. 1. Merger negotiations have been underway for some time but were delayed pending arrangements to satisfy claims of Barclay Bank employes. A Tel Aviv court ratified the agreement this weekend which establishes Barclay’s Discount Bank Ltd. The merger does not affect the parent firm’s operations in Britain and other countries.
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.
