British banks, including the two that were bailed out by taxpayers, are investing hundreds of millions of pounds in companies that manufacture cluster bombs- despite a global ban outlawing the production and trade of these weapons.
The Royal Bank of Scotland, Barclays, Lloyds TSB and HSBC have all funded makers of cluster bombs, even as international opinion opposes such a weapons system that routinely maims or kills civilians and children.
Oliver Sprague, an arms expert at Amnesty International, said: "High street banks like Royal Bank of Scotland are making a mockery of UK law by shamefully investing in companies that make weapons the UK Government and 108 other countries have clearly and quite rightly banned."
Oh dear, it really would be good to post something positive about our society and the banks. So I am taking a month off, to search for some more cheerful news. Enjoy the rest of the summer.
