Listing the financial institutions that provided 344 billion available to 27 nuclear weapon producing companies

Don’t Bank On The Bomb  Dec 2016 Briefing Paper.

United States 226 Financial Institutions made an estimated USD$ 344 billion available to 27 nuclear weapon producing companies since January 2013.

 Introduction This document contains country specific information from the 2016 Don’t Bank on the Bomb update. Hall of Fame and Runners-up include financial institutions with headquarters in the country that have published policies banning or limiting investment in nuclear weapons producers. Hall of Shame are the financial institutions that have significant financing relationships with one or more of the nuclear weapons producers identified in the report. There is also a brief summary of the nuclear weapons related work of each of the identified producers. For more detail, see the full report or go to the www.DontBankOnTheBomb.com website.

This briefing paper includes:

Introduction..………………………………………………………………….

1 Hall of Shame, lists 266 organisations ………………………………………………….

Nuclear weapon producing Companies 

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers. They have provided various types of financial services to nuclear weapon companies including loans, investment banking and asset management.

All sources of financing provided since 1 January 2013 to the companies listed were analysed from annual reports, financial databases and other sources. The financial institutions which are most significantly involved in the financing of one or more nuclear weapon companies are shown here. See the full report for both a summary and full description of all financial institutions which are found to have the most significant financing relationships with one or more of the selected nuclear weapon companies, by means of participating in bank loans, by underwriting share or bond issues and/or by share- or bondholdings (above a threshold of 0.5% of all outstanding shares or bonds).

Figures presented are rounded up/down to the nearest dollar at the filing date. Commas (,) indicate thousands separators while periods (.) used as decimal points. For more information on loans, investment banking, and asset management, please refer to the website.

Hall of Shame

This section contains the results of our research into which financial institutions are financially involved with the nuclear weapon producing companies identified in the report. For the full methodology, see the website.

Each section provides the following information for each financial institution:

• The types of financial relations which the financial institution has with one or more nuclear weapon companies (loans, investment banking and asset management).

Financial institution.    Amount in USD millions ……… [ list covers 5 pages] …….

 1.Academy Securities (United States) Academy Securities (United States) has made an estimated US$ 30 million available to the nuclear weapons companies selected for this research project since January 2013. Academy Securities (United States) underwrote bond issuances for an estimated amount of US$ 30 million to the nuclear weapon companies since January 2013 (see table below [on original] ). ..

3. Adage Capital Management (United States) Adage Capital Management (United States) has made an estimated US$ 482 million available to the nuclear weapons companies selected for this research project since January 2013. Adage Capital Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 482 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.  [table on original]
4. Affiliated Managers Group (United States) Affiliated Managers Group (United States) has made an estimated US$ 1,426 million available to the nuclear weapons companies selected for this research project since January 2013.

4. Affiliated Managers Group (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 1,426 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.  [table on original]

5. AJO (United States) AJO (United States) has made an estimated US$ 351 million available to the nuclear weapons companies selected for this research project since January 2013.

AJO (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 351 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.  [table]

 6 Alyeska Investment Group (United States) Alyeska Investment Group (United States) has made an estimated US$ 143 million available to the nuclear weapons companies selected for this research project since January 2013.

Alyeska Investment Group (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 143 million (see table below, on original). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

7. Amalgamated Bank of Chicago (United States) Amalgamated Bank of Chicago (United States) has made an estimated US$ 29 million available to the nuclear weapons companies selected for this research project since January 2013. Amalgamated Bank of Chicago (United States) provided loans for an estimated amount of US$ 29 million to the nuclear weapon companies (see table below on original ). The table shows all loans closed since January 2013 or maturing after August 2016

8. American Automobile Association (United States) American Automobile Association (United States) has made an estimated US$ 4 million available to the nuclear weapons companies selected for this research project since January 2013. American Automobile Association (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 4 million (see table below, on original). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

9. American Century Investments (United States) ……
10. American Equity Investment Life Holding (United States)  …….
11. American Family (United States) ……
12. American Financial Group (United States)……
13. American Financial Group (United States)………
14. American National Insurance (United States)
15. American United Mutual Insurance (United States)
16. Ameriprise Financial (United States)
17. Analytic Investors (United States)
18. Anchor Bolt Capital (United States)
19. Anthem (United States)
20. Apto Partners (United States)
21. AQR Capital Management (United States)
22. Aristotle Capital Management (United States)
23. Arrowstreet Capital (United States)
24. Artisan Partners (United States)
25. Associated Banc-Corp (United States)
26. Assurant (United States)
27. Auto-Owners Insurance (United States)
28. Baird (United States)
29. BancPlus (United States)
30. Bank of America (United States) – funds a staggering number of weapons makers……
31. Bank of New York Mellon (United States)
32. Banner Bank (United States)
33. BB&T (United States)
34. Beck, Mack & Oliver (United States)
35. Becker Capital Management (United States)
36. Bessemer Group (United States)
37. BlackRock (United States)
38. Blaylock Beal Van (United States)
39. Blue Cross Blue Shield Association (United States)
40. Blue Harbour Group (United States)
41. Boston Private (United States)
42. Cacti Asset Management (United States)
43. California First National Bancorp (United States)
44. Cantor Fitzgerald (United States)
45. Capital Group (United States)
46. Capital One Financial (United States)
47. Carlson Capital (United States)
48. Carlyle Group (United States)
49. Cascade Bancorp (United States)
50. CastleOak Securities (United States)
51. CAVU Securities (United States)
52. Central Mutual Insurance (United States)
53. Central Pacific Financial Corporation (United States)
54. Charles Schwab (United States)
55. Chesapeake Partners Management (United States)
56. Cigna (United States)
57. Citadel (United States)
58. Citigroup (United States) – huge no of weapons makers funded
59. Citizens Bank & Trust (United States)
60. Citizens Financial Group (United States)
61. City National Corporation (United States)
62. CL King & Associates (United States)
63. CNO Financial Group (United States
64. Comerica (United States)
65. Cooper Creek Partners Management (United States)
66. Corsair Capital Management (United States)
67. Cuna Mutual Group (United States)
68. D.E. Shaw & Co. (United States)
69. Dimensional Fund Advisors (United States)

and so on………… to No. 226. Zeo Capital Advisors (United States)

Nuclear weapon producing Companies This report identifies 27 companies operating in France, India, Italy, the Netherlands, the United Kingdom and the United States that are significantly involved in maintaining and modernising the nuclear arsenals of France, India, the United Kingdom and the United States. This is not an exhaustive list. These companies are providing necessary components and infrastructure to develop, test, maintain and modernise nuclear weapons. The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.  –   report goes on to list companies and their activities. …….