2015 Hall of Shame – D

The following financial institutions beginning with “D” appear in the 2015 Don’t Bank on the Bomb Hall of Shame. For the full list, or to lookup financial institutions by country, please see here.

D.E. Shaw & Co. (United States)

D.E. Shaw & Co. (United States) has made an estimated US$ 392 million available to the nuclear weapons companies listed in this report since January 2012.

D.E. Shaw & Co. (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 392 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by D.E. Shaw & Co.

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 9 0.59 31-3-2015
General Dynamics United States 246 0.56 31-3-2015
Huntington Ingalls Industries United States 138 2.05 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

D.E. Shaw & Co. invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Danske Bank

Danske Bank (Denmark) has made an estimated US$ 301 million available to the nuclear weapons companies listed in this report since January 2012.

Danske Bank (Denmark) provided loans for an estimated amount of US$ 213 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by Danske Bank

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Airbus Group 3,797 66 14-10-2014 14-10-2019
Honeywell International 2,800 62 17-3-2011 31-3-2016
Honeywell International 4,000 72.7 18-11-2013 10-12-2018
Northrop Grumman 500 12.5 18-8-2012 3-9-2013

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

 

Danske Bank (Denmark) underwrote bond issuances for an estimated amount of US$ 86 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Danske Bank

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Northrop Grumman 850 26 28-5-2013 1-6-2018
Northrop Grumman 1,050 32 28-5-2013 1-8-2023
Northrop Grumman 950 29 28-5-2013 1-6-2043

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

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Danske Bank invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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Darashaw (India)

Darashaw (India) has made an estimated US$ 15 million available to the nuclear weapons companies listed in this report since January 2012.

Darashaw (India) underwrote bond issuances for an estimated amount of US$ 15 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Darashaw

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Larsen & Toubro 5 5 12-12-2012 12-12-2022
Larsen & Toubro 51 10 14-12-2012 20-12-2022

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

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Darashaw invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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DBS (Singapore)

DBS (Singapore) has made an estimated US$ 520 million available to the nuclear weapons companies listed in this report since January 2012.

DBS (Singapore) provided loans for an estimated amount of US$ 520 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by DBS

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Airbus Group 4,345 76 14-3-2011 14-4-2016
Airbus Group 3,797 66 14-10-2014 14-10-2019
Boeing 2,300 42 5-11-2011 10-11-2016
Boeing 2,473 30 23-9-2014 15-10-2015
Boeing 2,473 30 23-9-2014 16-10-2019
Honeywell International 2,800 62 17-3-2011 31-3-2016
Honeywell International 4,000 73 18-11-2013 10-12-2018
Serco 1,159 72 21-2-2012 28-3-2017
Serco 714 45 12-3-2015 12-3-2019
Textron 500 25 23-1-2014 23-1-2019

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

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DBS invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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Deka Group (Germany)

Deka Group (Germany) has made an estimated US$ 27 million available to the nuclear weapons companies listed in this report since January 2012.

Deka Group (Germany) owns or manages bonds of the nuclear weapon companies for an amount of US$ 27 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Deka Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
Finmeccanica Italy 27 0.56 31-12-2014

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Deutsche Bank

Deutsche Bank (Germany) has made an estimated US$ 4,798 million available to the nuclear weapons companies listed in this report since January 2012.

Deutsche Bank (Germany) provided loans for an estimated amount of US$ 1,915 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by Deutsche Bank

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Airbus Group 4,345 163 14-3-2011 14-4-2016
Airbus Group 3,797 134 14-10-2014 14-10-2019
BAE Systems 3,161 132 8-12-2010 8-12-2015
BAE Systems 3,269 131 12-12-2013 12-12-2018
Boeing 2,300 42 5-11-2011 10-11-2016
Boeing 2,473 90 23-9-2014 15-10-2015
Boeing 2,473 90 23-9-2014 16-10-2019
Engility 393 79 23-4-2014 9-5-2020
Engility 250 50 23-4-2014 9-5-2021
Engility 50 10 23-4-2014 9-5-2019
Honeywell International 2,800 62 17-3-2011 31-3-2016
Honeywell International 3,000 129 30-3-2012 2-4-2017
Honeywell International 4,000 73 18-11-2013 10-12-2018
Honeywell International 4,000 400 30-6-2015 10-7-2020
Lockheed Martin 1,500 90 26-8-2011 26-8-2016
Northrop Grumman 500 13 18-8-2012 3-9-2013
Safran 2,122 121 18-11-2010 8-12-2015
Thales 1,979 108 17-12-2010 17-12-2015

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

 

Deutsche Bank (Germany) underwrote bond issuances for an estimated amount of US$ 1,240 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Deutsche Bank

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
BAE Systems 800 267 30-9-2014 7-10-2024
BAE Systems 300 100 30-9-2014 7-10-2044
Boeing 150 50 30-4-2013 3-11-2014
Boeing 300 9 28-10-2014 30-10-2021
Boeing 300 25 28-10-2014 30-10-2024
Boeing 250 9 28-10-2014 30-10-2017
Boeing 250 28 18-2-2015 1-3-2025
Boeing 250 8 18-2-2015 1-3-2035
Boeing 250 8 18-2-2015 1-3-2045
Finmeccanica 950 59 26-11-2013 19-1-2021
Finmeccanica 339 20 17-1-2014 19-1-2021
Honeywell International 300 30 18-11-2013 1-12-2023
Honeywell International 700 70 18-11-2013 17-11-2015
Larsen & Toubro 13 13 25-10-2012 24-10-2014
Larsen & Toubro 36 5 13-6-2014 13-5-2016
Northrop Grumman 850 57 28-5-2013 1-6-2018
Northrop Grumman 1,050 70 28-5-2013 1-8-2023
Northrop Grumman 950 63 28-5-2013 1-6-2043
Northrop Grumman 600 126 3-2-2015 15-4-2045
Raytheon 1,100 60 27-11-2012 15-12-2022
Raytheon 300 8 24-11-2014 15-12-2024
Raytheon 300 8 24-11-2014 15-12-2044
Thales 648 93 13-3-2013 20-3-2018
Thales 389 56 13-3-2013 19-3-2021

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

 

Deutsche Bank (Germany) owns or manages shares of the nuclear weapon companies for an amount of US$ 1,361 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Deutsche Bank

Company Country Total value
(US$ mln)
% Outstanding Filing date
Airbus Group The Netherlands 272 0.53 30-6-2015
BAE Systems United Kingdom 381 1.64 1-8-2015
Fluor United States 86 1.03 28-2-2015
Jacobs Engineering United States 46 0.81 31-3-2015
Raytheon United States 576 1.73 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Deutsche Bank (Germany) owns or manages bonds of the nuclear weapon companies for an amount of US$ 281 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included. 

Bondholdings managed by Deutsche Bank

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 10 1.79 28-2-2015
Boeing United States 56 0.66 31-3-2015
General Dynamics United States 52 1.53 31-3-2015
Honeywell International United States 42 0.64 31-3-2015
Huntington Ingalls Industries United States 10 0.79 28-2-2015
MOOG United States 3 0.98 28-2-2015
Northrop Grumman United States 44 0.67 31-3-2015
Raytheon United States 52 0.96 31-3-2015
Thales France 12 0.80 28-2-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

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Deutsche Bank invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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Dimensional Fund Advisors (United States)

Dimensional Fund Advisors (United States) has made an estimated US$ 792 million available to the nuclear weapons companies listed in this report since January 2012.

Dimensional Fund Advisors (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 775 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Dimensional Fund Advisors

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 77 1.66 31-3-2015
Aerojet Rocketdyne United States 25 1.69 31-3-2015
Finmeccanica Italy 48 0.62 31-5-2015
Huntington Ingalls Industries United States 60 0.90 31-3-2015
Jacobs Engineering United States 34 0.62 31-3-2015
Moog United States 75 4.01 31-3-2015
Northrop Grumman United States 359 1.19 31-3-2015
Orbital ATK United States 97 2.14 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Dimensional Fund Advisors (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 17 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Dimensional Fund Advisors

Company Country Total value
(US$ mln)
% Outstanding Filing date
General Dynamics United States 17 0.51 30-4-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

 

Dimensional Fund Advisors invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Divine Capital Markets (United States)

Divine Capital Markets (United States) has made an estimated US$ 6 million available to the nuclear weapons companies listed in this report since January 2012.

Divine Capital Markets (United States) underwrote bond issuances for an estimated amount of US$ 6 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Divine Capital Markets

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Boeing 300 3 28-10-2014 30-10-2021
Boeing 250 3 18-2-2015 1-3-2025

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

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Drexel Hamilton (United States)

Drexel Hamilton (United States) has made an estimated US$ 109 million available to the nuclear weapons companies listed in this report since January 2012.

Drexel Hamilton (United States) underwrote bond issuances for an estimated amount of US$ 109 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Drexel Hamilton

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Boeing 300 3.0 28-10-2014 30-10-2024
Boeing 250 2.5 18-2-2015 1-3-2045
Lockheed Martin 750 3.8 12-2-2015 1-3-2025
Lockheed Martin 500 2.5 12-2-2015 1-3-2035
Lockheed Martin 1,000 5.0 12-2-2015 1-3-2045
Northrop Grumman 850 25.5 28-5-2013 1-6-2018
Northrop Grumman 1,050 31.5 28-5-2013 1-8-2023
Northrop Grumman 950 28.5 28-5-2013 1-6-2043
Northrop Grumman 600 7.5 3-2-2015 15-4-2045

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

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Drexel Hamilton invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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DZ Bank (Germany)

DZ Bank (Germany) has made an estimated US$ 343 million available to the nuclear weapons companies listed in this report since January 2012.

DZ Bank (Germany) provided loans for an estimated amount of US$ 141 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by DZ Bank

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Airbus Group 4,345 75.6 14-3-2011 14-4-2016
Airbus Group 3,797 66.0 14-10-2014 14-10-2019

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

 

DZ Bank (Germany) owns or manages shares of the nuclear weapon companies for an amount of US$ 201 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by DZ Bank

Company Country Total value
(US$ mln)
% Outstanding Filing date
Northrop Grumman United States 201 0.67 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Send them a message!

 

DZ Bank invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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Hall of Shame Methodology

Which financial institutions are involved in the financing of the selected nuclear weapon companies was researched using annual reports, stock exchange filings and other publications of the companies concerned, archives of trade magazines, local newspapers and the financial press as well as specialized financial databases (Thomson ONE, Bloomberg). Used resources are clearly mentioned.

Financial institutions can be involved in financing companies by providing corporate loans, by assisting companies with share- and bond issues, and by (managing) investments in shares and bonds of these companies. For asset managers and pension funds, the only relevant type of financial involvement is (managing) share- and bondholdings of the selected companies.

In this report, we have focussed on the financial institutions which are found to have most significant financing relationships with one or more of the selected nuclear weapon companies. To select these financial institutions, the following criteria are used:

  • All financial institutions involved in loans and underwriting deals for one or more of the companies since 1 January 2011;
  • All financial institutions which own at least 0.5% of the outstanding shares or bonds of at least one of the companies.

What is included

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. The relations are grouped by loans, investment banking and asset management. Financial activities are listed alphabetically by nuclear weapons company for each category.

The name of the receiving company, the amount, the date and (if known) the purpose for each financial relation.

All data is presented in tables. For loans, the first column represents the names of the selected companies that received the loans, the second column shows which subsidiary or part of the selected company has issued the loan. The third column is the purpose of the loan. The fourth column (# FI’s), shows the number of financial institutes participating in loans as loans are often offered by a syndicate of financial institutions. The fifth column represents the value of the total loan offered by the syndicate to the company. The sixth column is the amount for which this specific financial institute participated in the loan. This amount is calculated depending on the role the financial institute plays in the syndicate, as explained below. The last column shows the date the loan was issued.

The tables for underwriting of share and bond issuances have the same columns. The method for calculating these the value per financial institute can be below.

The tables for share and bondholdings managed by the financial institutions show the nuclear weapon producing companies, the country in which this company is situated, the percentage of all bonds or shares outstanding hold or managed by the specific institution, and the total value of the shares or bonds held by the financial institution in the indicated company.

When comparing this report with last years report please keep in mind that we have excluded some Indian sources due to recently identified errors in the Bloomberg databases regarding Indian Mutual Funds.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers from many different countries. They have provided various types of financial services to nuclear weapon companies.