Financial Institutions Involved in The Process of Production of Cluster Munition
According to BankTrack, an international network of NGOs specializing in control of financial institutions, many major banks and other financial corporations either directly financed, or provided financial services to companies producing cluster munition in 2005-2012. Among other, BankTrack 2012 report names ABN AMRO, Bank of America, Bank of China, Bank of Tokyo Mitsubishi UFJ, Barclays, BBVA, BNP Paribas, Citigroup, Commerzbank AG, Commonwealth Bank of Australia, Crédit Agricole, Credit Suisse Group, Deutsche Bank, Goldman Sachs, HSBC, Industrial Bank of China, ING Group, JPMorgan Chase, Korea Development Bank, Lloyds TSB, Merrill Lynch, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland, Sberbank, Société Générale, UBS, Wells Fargo.
Many of these financial companies are connected to such producers of cluster munitions as Lockheed Martin, Textron, Raytheon, Rheinmetall, Thales Group, Singapore Technologies Engineering, and others.
According to Pax Christi, a Netherlands-based NGO, in 2009, around 137 financial institutions financed cluster munition production. Out of 137 institutions, 63 were based in the United States, another 18 in the European Union (the UK, France, Germany, Italy etc.), 16 were based in People's Republic of China, 4 in Singapore, 3 in each of: Canada, Japan, Taiwan, 2 in Switzerland, and 4 other countries had 1 financial institution involved.
Read more about this topic: Cluster Munition
Famous quotes containing the words financial, institutions, involved, process, production and/or cluster:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“Is it not manifest that our academic institutions should have a wider scope; that they should not be timid and keep the ruts of the last generation, but that wise men thinking for themselves and heartily seeking the good of mankind, and counting the cost of innovation, should dare to arouse the young to a just and heroic life; that the moral nature should be addressed in the school-room, and children should be treated as the high-born candidates of truth and virtue?”
—Ralph Waldo Emerson (1803–1882)
“Traditionally, marriage involved a kind of bartering, rather than mutual inter-dependence or role sharing. Husbands financially and economically supported wives, while wives emotionally, psychologically and socially supported husbands. He brought home the bacon, she cooked it. He fixed the plumbing, she the psyche.”
—Bettina Arndt (20th century)
“Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.”
—Noam Chomsky (b. 1928)
“From the war of nature, from famine and death, the most exalted object which we are capable of conceiving, namely, the production of the higher animals, directly follows. There is grandeur in this view of life, with its several powers, having been breathed into a few forms or into one; and that, whilst this planet has gone cycling on according to the fixed law of gravity, from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.”
—Charles Darwin (1809–1882)
“the green hells of the sea
Where fallen skies and evil hues and eyeless creatures be;
On them the sea-valves cluster and the grey sea-forests curl,
Splashed with a splended sickness, the sickness of the pearl;”
—Gilbert Keith Chesterton (1874–1936)