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
Showing 9 companies in Banking & Financial Services
Barclays PLC logo

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.

7 evidence items 7 alternatives
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AXA logo

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.

5 evidence items 6 alternatives
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Allianz SE logo

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.

8 evidence items 5 alternatives
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HSBC Holdings plc logo

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).

8 evidence items 8 alternatives
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BNP Paribas logo

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.

7 evidence items 5 alternatives
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Banco Santander logo

Banco Santander

Europe's largest bank by market capitalisation with 180 million customers across 10+ countries. Provided $8.61 billion in loans to settlement-linked businesses (2020-2023) and $2.225 billion to arms companies exporting weapons to Israel. Rated 'worst' by Ethical Consumer across all Israel-related policies. Procures CyberArk cybersecurity infrastructure from Israel.

6 evidence items 5 alternatives
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M&G plc logo

M&G plc

UK investment and asset manager with over GBP365 billion in assets under management. Both procures and invests in Israeli cybersecurity company CyberArk — deploying its PAM suite for internal security while holding $11.85 million in shares. Controversial weapons policy excludes only banned weapons, not conventional arms sold to Israel.

4 evidence items 5 alternatives
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BlackRock, Inc. logo

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.

10 evidence items
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Vanguard Group logo

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.

8 evidence items 3 alternatives
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