Some movement by HSBC

The banking giant HSBC has come under a lot of pressure for the loans it makes that prop up the Israeli arms trade and finance the oppression of the Palestinians. So it was good to see that the bank has withdrawn its financial support for the Israeli arms firm Elbit (which has factories in Britain). That is however only one small step. HSBC continues to do business with over a dozen companies selling military equipment and technology used in human rights violation, including Caterpillar (whose bulldozers are used in demolition of Palestinian homes and properties) and BAE Systems (whose weapons are used in war crimes by Israel, Saudi Arabia, and other repressive regimes). The campaign to end HSBC’s links with these companies continues.

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