Banking Giant HSBC Divests From Israeli Arms Manufacturer Following Pressure From Human Rights Campaigners
Human rights campaigners have declared a victory as global banking giant HSBC confirmed that it has divested completely from Israeli weapons manufacturer Elbit Systems after a year of campaign pressure. Elbit Systems is one of Israel’s largest arms manufacturers, notorious for its deadly drones used in attacks on Palestinian civilians, and marketed abroad as ‘combat proven’. The company has also manufactured white phosphorous and artillery systems that can be used for cluster munitions.