Bank of Jerusalem Shares Plunge Then Stabilize Amid Investigation

Shares of Bank of Jerusalem experienced a sharp decline of up to 12.3% during trading on Thursday, before the drop eased to a 2.6% decrease. The bank responded by stating that following an internal investigation, no irregularities were found concerning the bank's funds or assets. Later, the bank issued an official statement to the stock exchange confirming that a thorough review revealed no evidence of unusual activity involving the bank’s money, assets, or customer funds. The initial drop in share price was linked to media reports, but the bank's reassurances helped stabilize the stock.