Norwegian Sovereign Fund Withdraws Investments from Caterpillar Group and 5 Israeli Banks

Sada News Economy - The Norwegian sovereign wealth fund, which is valued at $2 trillion and is the largest in the world, has decided to withdraw its investments from the American "Caterpillar" group and five Israeli banks "for ethical reasons."

The list of excluded Israeli banks includes: Bank Hapoalim, Leumi Bank, Mizrahi Tefahot Bank, First International Bank of Israel, and the FIBI Holdings Group, following an assessment that concluded there were "unacceptable risks" in their contributions to financing settlement activities and practices that violate international humanitarian law.