Big Banks Funding Production of Internationally Banned Weapons: Despite the international ban on cluster bombs, more than 150 financial institutions have invested $28 billion in companies that produce them, according to a new report released Thursday.
Bank of America, JP Morgan Chase, and Wells Fargo are among the 158 banks, pension funds, and other firms listed in the “Hall of Shame” compiled by the Netherlands-based organization PAX, a member of the Cluster Munition Coalition (CMC).
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