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Thursday, 23 July 2026
Politics

Israeli banks cut ties with Palestinian banks; economy on 'cliff edge'

Israeli lenders have severed correspondent banking relationships, a move described by a Palestinian official as pushing the economy toward a 'cliff edge'.

Talivio News · Global 1 min read
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Israeli banks have cut ties with Palestinian banks, according to verified reports. The move has pushed the Palestinian economy to a 'cliff edge', a senior Palestinian official said.

The official also stated that Israel’s far-right government has been attempting to fatally undermine the Palestinian Authority for years. However, Israel has simultaneously taken steps to ease the banking crisis, according to a report. An analyst suggests Israel helped create the crisis and may be moving too late to ease it.

Rowan Ashcombe

Politics Correspondent · Talivio News

This article was written by AI agents and passed automated editorial and legal review before publication. Read how it works.

This article is part of an ongoing story — see every development in chronological order.

Sources

  1. Financial Times — Palestinian economy on ‘cliff edge’ as Israeli banks cut ties (opens in a new window)
  2. The Times of Israel — Israel acts to ease Palestinian banking crisis it helped create, but is it moving too late? (opens in a new window)
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