Why?
💼 Partners with complicit orgs
Sector
💰 Finance
CEO
C.S. Venkatakrishnan
Complicity Level
Deeply complicit
Alternatives
Owns
❌ In a perceived win for the BDS movement in 31 October 2024, Barclays briefly divested all investments from Elbit Systems amounting to 16,000 shares — only to reinvest in the Israeli arms manufacturer shortly after.
Barclays is heavily funding the ongoing genocide in Gaza in more ways than one, holding “over £2 billion in shares, and provides £6.1 billion in loans and underwriting” to 9 arms companies involved with Israel — including an investment of £100m in General Dynamics. According to Palestine Solidarity Campaign, Barclays also “has an agreement with Israel to act as a ‘primary dealer’ for its government bonds.”
As of November 2024, Barclays now also owns Tesco Bank.