Mizrahi-Tefahot Bank — Ethics Grade C-

Mizrahi-Tefahot Bank receives an overall ethics grade of C- (44/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Mid Cap.

Category scores

• labor: 60
• privacy: 45
• consumer: 40
• environment: 50
• humanRights: 20

Documented incidents (3)

• U.S. Tax Evasion Assistance (high, 2019) — The bank paid hundreds of millions to settle U.S. DOJ investigations for their role in helping American taxpayers hide assets and income in offshore accounts to evade taxes.
• UN Human Rights Violations (high, 2020) — Named in a UN database as a business entity involved in activities related to illegal Israeli settlements in the West Bank by providing loans and financial services in occupied territories.
• Mortgage Late Fee Lawsuit (medium, 2021) — The bank faced a class-action lawsuit for systematically overcharging customers on late mortgage payments beyond what is legally allowed under consumer protection statutes.

Documented good deeds

• Community Investment Program — Maintains a large-scale scholarship fund for students in periphery towns and socio-economically disadvantaged areas.

Ethical alternatives

• Bank Leumi — While peer-level, Leumi has made faster strides in digitizing and exiting some high-risk legacy offshore tax structures.