Defence Companies Are Being Denied Banking Services, Minister Says

Defence Companies Are Being Denied Banking Services, Minister Says
Undated file photo of the sign for the Ministry of Defence in London. Tim Ireland/PA Media
Lily Zhou
Updated:

Banks have been denying services to defence companies over environmental, social, and, governance (ESG) factors, according to a defence minister.

It comes amid ongoing suspicion that banks have been closing customers’ accounts over their political exposure or views.
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