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US church pension fund puts 5 Israeli banks on an investment blacklist over links to settlement building
Author: Rick Gladstone, New York Times, Published on: 12 January 2016
The pension board of the United Methodist Church — one of the largest Protestant denominations in the United States, with more than seven million members — has placed five Israeli banks on a list of companies that it will not invest in for human rights reasons, the board said in a statement...The Israeli banks on the United Methodist Church’s list — Bank Hapoalim, Bank Leumi, First International Bank of Israel, Israel Discount Bank and Bank Mizrahi-Tefahot — were among 39 companies from several countries that have been excluded from the pension board’s portfolio for not meeting its Human Rights Investment Policy guideline...