Gallatin Point completed the acquisition of a 15% stake in Discount Bank for $150m.

Gallatin Point, a private investment firm, completed the acquisition of a 15% stake in Discount Bank, an Israeli-owned bank operating abroad, is a commercial bank providing a comprehensive range of banking services, for $150m. "Gallatin Point is a private US institutional investment fund with a special focus in financial services, loans, insurance, asset management, financial technology, real estate financing, banking, and capital markets. Our new partnership opens new opportunities for IDB as we strive to expand our customer base and enhance the services we provide them," IDBNY.