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☆ Fintech Vesttoo seeks Chapter 11 bankruptcy protection
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

LONDON, Aug 14 (Reuters) - Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday. Vesttoo - partly backed by Banco Santander's (SAN.MC) fintech venture capital arm Mouro Capital - has laid off staff, closed offices and appointed an interim chief executive following the discovery of fraudulent letters of credit used on its platform. Vesttoo provides insurers with access to so-called insurance-linked securities - an alternative form of reinsurance. Led by Mouro, Vesttoo last raised $80 million at a $1 billion valuation last October. In its bankruptcy filing, Vesttoo said it had appointed law firm DLA Piper and financial adviser Kroll to represent the firm.

Persons: Vesttoo, Ami Barlev, Mouro, DLA Piper, Kroll, Carolyn Cohn, Sonali Paul Organizations: Banco Santander's, Thomson Locations: Israel, U.S

☆ Israeli fintech Vesttoo names new interim CEO
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Aug 9 (Reuters) - Israeli fintech company Vesttoo said on Wednesday it named Ami Barlev as interim chief executive officer, replacing Yaniv Bertele, who was in charge during a fake collateral scandal. The firm noted Barlev specializes in the areas of corporate governance, business development, crisis management, and managing companies in complex situations. Vesttoo, which uses artificial intelligence technology to connect the insurance industry and capital markets, is also in contact with regulatory bodies worldwide. Vesttoo provides insurers with access to so-called insurance-linked securities - an alternative form of reinsurance. Reporting by Steven Scheer and Carolyn Cohn; Editing by Toby Chopra and David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Vesttoo, Ami Barlev, Yaniv Bertele, Barlev, Steven Scheer, Carolyn Cohn, Toby Chopra, David Evans Organizations: Nasdaq, Banco Santander's, Thomson

☆ Atac terorist în Ierusalim. Doi israelieni au fost înjunghiați iar agresorul, împușcat mortal de polițiști
▼ + stars: | 2021-05-24 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Doi cetățeni israelieni au fost răniți, luni, într-un atac terorist petrecut într-o zonă problematică din Ierusalim, unde recent au avut loc mai multe proteste. Potrivit poliției, atacatorul, un militant islamist palestinian, a fost împușcat mortal, scrie Reuters. Conform autorităților, cei doi bărbați, dintre care un soldat, au fost înjunghiați în plină stradă, în partea de sus a corpului. Atacul s-a petrecut în jurul orei 13.00, în zona Haim Barlev, în apropierea sediului central al Poliţiei israeliene din Ierusalim. Este primul atac terorist produs în Ierusalim după armistiţiul semnat de Israel şi organizaţia islamistă Hamas, care deţine controlul asupra Fâşiei Gaza.

Persons: Reuters, Haim Barlev Organizations: Hamas Locations: Ierusalim, palestinian, Israel, organizaţia, Gaza

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