Officials Reportedly Open to Extending Discount Bank's Cal Sale Deadline

Officials would look favorably on extending the May 2027 deadline for Discount Bank to divest its Cal credit-card unit, according to people cited in a report published Wednesday. The prospect follows the disruption of Discount's planned sale to Union Group and Harel over a Competition Authority condition involving Super-Pharm. Discount has not submitted a formal request for more time, and officials have not approved a new deadline. The report describes a possible regulatory response, while the timing of any application and the outcome of the sale remain unresolved.