Banking & Financial Services
Banks, investment firms, and financial institutions with Israeli exposure
Banks and investment firms provide capital infrastructure for occupation, with funds holding stakes in companies supporting Israeli operations.
- Israeli presence: Major international banks provide services to occupation-connected entities
- ESG scrutiny: Responsible investment frameworks should exclude human rights violators
- Track record: Successful divestment campaigns demonstrate sector vulnerability to pressure
- Leverage: Shareholder advocacy, divestment campaigns, and fiduciary duty arguments
- Action: Research your bank and pension fund exposure, support divestment campaigns
Barclays PLC
UK bank holding over £2 billion in shares and providing £6.1 billion in loans/underwriting to defence firms whose weapons have been documented by Amnesty International in attacks on civilian infrastructure in Gaza. Barclays also serves as a primary dealer for Israeli government bonds, financing Israel's war spending.
AXA
French insurance giant with $150-176M invested in weapons manufacturers supplying Israel, despite divesting from Israeli banks after sustained activist pressure. Maintains investment exposure to defence contractors documented in Gaza operations.
Allianz SE
German insurance and financial services giant holding over $452 million in weapons manufacturers supplying Israel, and the only major insurer investing in Elbit Systems. Ranked #7 in the Don't Buy Into Occupation database with €4 billion invested in settlement-connected companies.
HSBC Holdings plc
UK-headquartered global bank holding £831 million in defence firms supplying Israel, with banking operations in Israel and €1 billion financing for Tel Aviv light rail infrastructure (July 2023).
BNP Paribas
France's largest bank and Europe's biggest lender to companies linked to Israeli settlements, with $22.19 billion in loans and underwriting to settlement-supporting firms. BNP Paribas participated in a $2 billion Israeli government bond issuance in March 2024 to finance war spending, while marketing itself as a sustainable finance leader with 'Green Bond' credentials.
BlackRock, Inc.
World's largest asset manager ($13.5 trillion AUM) holding major stakes in weapons manufacturers and settlement-linked enterprises supplying Israel. Named by UN Special Rapporteur as among the 'main investors' behind Israel's military economy.
Vanguard Group
World's second-largest asset manager ($8+ trillion AUM) with significant holdings in defence contractors and companies supplying Israel. Passive index funds create automatic exposure to weapons manufacturers.