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Introduction | News | Information | Resources | Affiliate | Action | Links | Contact War on Want release report showing HSBC & Lloyds TSB invovement in DU
Anti-poverty campaigners War on Want have released a report detailing the UK Banking sector's involvement with the arms industry. Entitled 'Banking on Bloodshed' it looks at the involvement of the major high street banks with the industry in three respects: direct ownership of shares, providing banking services to the companies or loaning them money. Building on the ICBUW, Network Flanders and Banktrack report 'Too Risky for Business', it exposes that as well as Royal Bank of Scotland and Barclays, all the major UK high street banks except HBOS have provided DU manufacturers with loans. It also reveals that HSBC own shares in General Dynamics and GenCorp which both manufacture DU weaponry. As HBOS is expected to merge with the Lloyds TSB group, this means that all the large UK banks are complicit in the manufacture of DU. In response to these new revelations CADU and ICBUW are repeating our call for customers to disinvest from these banks and move their business to a more ethical body, such as the Cooperative or Triodos. The War on Want report is here. Read more about ICBUW's research into the funding of DU here. You can download a flyer with information on the involvement of UK banks with DU manufacturers here. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Read more articles about The Movement to Ban Depleted Uranium Introduction | News | Information | Resources | Affiliate | Action | Links | Contact Page last updated: 11 December, 2008 |
