Banking on bombs

Our very own bank, RBS, has a different understanding of killing and maiming to everyone else it seems.

The UK is a signatory to the Ottawa Convention which bans anti-personnel mines, such as cluster bombs. RBS is largely owned by the UK government. So you would have thought they would not be involved in financing cluster bombs. But they are. Unlike Aviva, which has recently withdrawn from supporting cluster bomb manufacturers, RBS says in talking about the Convention, that it “will not knowingly support any application for funding or financial services that would directly contravene these standards and will seek to ensure that our client relationships are not in breach of these principles”.

Well now they do know. So I am sure we can look forward to RBS joining Barclays and HSBC in re-considering their involvement in the arms trade.

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