Hall of Shame 2015 – N

The following financial institutions beginning with “N” 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.

National Bank of Abu Dhabi (United Arab Emirates)

National Bank of Abu Dhabi (United Arab Emirates) has made an estimated US$ 520 million available to the nuclear weapons companies listed in this report since January 2012.

National Bank of Abu Dhabi (United Arab Emirates) 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 National Bank of Abu Dhabi

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
BAE Systems 3,269 131 12-12-2013 12-12-2018
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
General Dynamics 1,000 35 14-7-2011 14-7-2016
Northrop Grumman 500 13 18-8-2012 3-9-2013
Serco 1,159 72 21-2-2012 28-3-2017
Serco 714 45 12-3-2015 12-3-2019
Thales 1,835 122 19-12-2014 19-12-2019

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

National Bank of Abu Dhabi 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,

National Rural Electric Cooperative Association (United States)

National Rural Electric Cooperative Association (United States) has made an estimated US$ 50 million available to the nuclear weapons companies listed in this report since January 2012.

National Rural Electric Cooperative Association (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 50 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 National Rural Electric Cooperative Association

Company Country Total value
(US$ mln)
% Outstanding Filing date
Huntington Ingalls Industries United States 50 0.74 31-3-2015

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

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National Western Life Insurance Company (United States)

National Western Life Insurance Company (United States) has made an estimated US$ 141 million available to the nuclear weapons companies listed in this report since January 2012.

National Western Life Insurance Company (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 141 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 National Western Life Insurance Company

Company Country Total value
(US$ mln)
% Outstanding Filing date
Airbus Group The Netherlands 30 0.61 31-3-2015
BAE Systems United Kingdom 30 0.56 31-3-2015
Fluor United States 30 2.93 31-3-2015
Raytheon United States 30 0.55 31-3-2015
Textron United States 22 0.75 31-3-2015

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

Nationwide Mutual Insurance (United States)

Nationwide Mutual Insurance (United States) has made an estimated US$ 255 million available to the nuclear weapons companies listed in this report since January 2012.

Nationwide Mutual Insurance (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 255 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 Nationwide Mutual Insurance

Company Country Total value
(US$ mln)
% Outstanding Filing date
Honeywell International United States 55 0.85 31-3-2015
Huntington Ingalls Industries United States 12 0.88 31-3-2015
Lockheed Martin United States 62 0.68 31-3-2015
Northrop Grumman United States 109 1.68 31-3-2015
Orbital ATK United States 18 5.85 31-3-2015

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

Neuberger Berman (United States)

Neuberger Berman (United States) has made an estimated US$ 829 million available to the nuclear weapons companies listed in this report since January 2012.

Neuberger Berman (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 816 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 Neuberger Berman

Company Country Total value
(US$ mln)
% Outstanding Filing date
Boeing United States 624 0.66 30-6-2015
Textron United States 192 1.56 30-6-2015

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

 

Neuberger Berman (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 13 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 Neuberger Berman

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 13 0.64 31-5-2015

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

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Neuberger Berman 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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New Jersey Department of the Treasury (United States)

New Jersey Department of the Treasury (United States) has made an estimated US$ 87 million available to the nuclear weapons companies listed in this report since January 2012.

New Jersey Department of the Treasury (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 87 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 New Jersey Department of the Treasury

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 52 1.05 30-6-2015
Orbital ATK United States 35 0.81 30-6-2015

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

New Mountain Capital (United States)

New Mountain Capital (United States) has made an estimated US$ 51 million available to the nuclear weapons companies listed in this report since January 2012.

New Mountain Capital (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 51 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 New Mountain Capital

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 51 1.10 31-3-2015

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

New York Life Insurance Company (United States)

New York Life Insurance Company (United States) has made an estimated US$ 2,478 million available to the nuclear weapons companies listed in this report since January 2012.

New York Life Insurance Company (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 1,140 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 New York Life Insurance Company

Company Country Total value
(US$ mln)
% Outstanding Filing date
Boeing United States 602 0.59 31-3-2015
Honeywell International United States 430 0.53 31-3-2015
Textron United States 109 0.88 30-6-2015

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

 

New York Life Insurance Company (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 1,338 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 New York Life Insurance Company

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 40 1.97 31-3-2015
Aerojet Rocketdyne United States 59 10.61 31-3-2015
BAE Systems United Kingdom 118 2.25 31-3-2015
Boeing United States 143 1.66 31-3-2015
General Dynamics United States 102 2.99 31-12-2014
Honeywell International United States 127 1.95 31-3-2015
Huntington Ingalls Industries United States 20 1.54 31-3-2015
Lockheed Martin United States 145 1.58 31-3-2015
MOOG United States 23 7.81 30-4-2015
Northrop Grumman United States 196 3.01 31-3-2015
Orbital ATK United States 32 10.56 30-4-2015
Raytheon United States 182 3.38 31-3-2015
Safran France 80 5.62 31-3-2015
Textron United States 71 2.43 30-4-2015

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

New York State Common Retirement Fund (United States)

New York State Common Retirement Fund (United States) has made an estimated US$ 22 million available to the nuclear weapons companies listed in this report since January 2012.

New York State Common Retirement Fund (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 22 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 New York State Common Retirement Fund

Company Country Total value
(US$ mln)
% Outstanding Filing date
Moog United States 22 0.85 31-3-2015

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

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NewSouth Capital Management (United States)

NewSouth Capital Management (United States) has made an estimated US$ 88 million available to the nuclear weapons companies listed in this report since January 2012.

NewSouth Capital Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 88 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 NewSouth Capital Management

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 88 6.76 30-6-2015

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

Nomura (Japan)

Nomura (Japan) has made an estimated US$ 5 million available to the nuclear weapons companies listed in this report since January 2012.

Nomura (Japan) owns or manages bonds of the nuclear weapon companies for an amount of US$ 5 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 Nomura

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 5 0.88 31-1-2015

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

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

Don’t Bank on the Bomb!

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Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

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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Northern Trust (United States)

Northern Trust (United States) has made an estimated US$ 6,722 million available to the nuclear weapons companies listed in this report since January 2012.

Northern Trust (United States) provided loans for an estimated amount of US$ 1,482 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 Northern Trust

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Aecom 1,050 70 13-7-2011 13-7-2016
Aecom 600 40 23-9-2011 30-9-2016
Aecom 750 20 7-6-2013 7-6-2018
Aecom 655 39 16-12-2013 19-12-2018
Aecom 961 58 16-12-2013 19-12-2018
Aecom 39 2 16-12-2013 19-12-2018
Aecom 1,050 39 29-1-2014 29-1-2019
Babcock & Wilcox 700 32 22-5-2012 8-6-2017
Babcock & Wilcox 500 33 11-5-2015 11-5-2020
Babcock & Wilcox 400 27 11-5-2015 11-5-2020
Babcock & Wilcox 600 36 11-5-2015 11-5-2020
Boeing 2,300 42 5-11-2011 10-11-2016
Boeing 2,473 35 23-9-2014 15-10-2015
Boeing 2,473 35 23-9-2014 16-10-2019
CH2M Hill 900 72 19-4-2012 19-4-2017
General Dynamics 1,000 35 14-7-2011 14-7-2016
Honeywell International 2,800 62 17-3-2011 31-3-2016
Honeywell International 4,000 73 18-11-2013 10-12-2018
Huntington Ingalls Industries 1,250 71 13-7-2015 13-7-2020
Jacobs Engineering 1,140 62 7-2-2014 7-2-2019
Lockheed Martin 1,500 90 26-8-2011 26-8-2016
Lockheed Martin 1,500 35 14-8-2014 14-8-2019
Moog 900 49 18-3-2011 18-3-2016
Moog 900 30 28-3-2013 28-3-2018
Northrop Grumman 575 22 31-3-2011 24-1-2017
Northrop Grumman 650 24 31-3-2011 24-1-2016
Northrop Grumman 1,500 129 8-9-2011 8-9-2016
Northrop Grumman 500 13 18-8-2012 3-9-2013
Orbital ATK 1,010 17 8-10-2013 1-11-2018
Orbital ATK 700 12 8-10-2013 1-11-2018
Raytheon 1,400 76 13-12-2011 13-12-2016
Textron 1,000 75 30-9-2013 4-10-2018
Textron 500 25 23-1-2014 23-1-2019

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

 

Northern Trust (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 5,240 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 Northern Trust

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 39 0.84 31-3-2015
Aerojet Rocketdyne United States 15 1.04 31-3-2015
Boeing United States 1,408 1.39 31-3-2015
Engility United States 7 0.64 31-3-2015
Fluor United States 104 1.23 31-3-2015
General Dynamics United States 555 1.28 31-3-2015
Honeywell International United States 997 1.23 31-3-2015
Huntington Ingalls Industries United States 63 0.96 31-3-2015
Jacobs Engineering United States 91 1.54 31-3-2015
Lockheed Martin United States 790 1.26 31-3-2015
Moog United States 60 2.36 31-3-2015
Northrop Grumman United States 452 1.54 31-3-2015
Orbital ATK United States 56 1.18 31-3-2015
Raytheon United States 467 1.42 31-3-2015
Textron United States 138 1.13 31-3-2015

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

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NorthPointe Capital (United States)

NorthPointe Capital (United States) has made an estimated US$ 8 million available to the nuclear weapons companies listed in this report since January 2012.

NorthPointe Capital (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 8 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 NorthPointe Capital

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 8 0.62 30-6-2015

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

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

Don’t Bank on the Bomb!

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Share this with your friends:

   

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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,

Northwestern Mutual Life Insurance (United States)

Northwestern Mutual Life Insurance (United States) has made an estimated US$ 1,097 million available to the nuclear weapons companies listed in this report since January 2012.

Northwestern Mutual Life Insurance (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 1,097 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 Northwestern Mutual Life Insurance

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 21 1.04 31-3-2015
BAE Systems United Kingdom 175 3.34 31-3-2015
Boeing United States 119 1.39 31-3-2015
Finmeccanica Italy 53 1.09 31-3-2015
General Dynamics United States 66 1.95 31-3-2015
Honeywell International United States 82 1.26 31-3-2015
Huntington Ingalls Industries United States 13 0.95 31-3-2015
Lockheed Martin United States 225 2.45 31-3-2015
Northrop Grumman United States 119 1.83 31-3-2015
Raytheon United States 122 2.27 31-3-2015
Safran France 80 5.60 31-3-2015
Textron United States 22 0.76 31-3-2015

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

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Nuveen Investments (United States)

Nuveen Investments (United States) has made an estimated US$ 577 million available to the nuclear weapons companies listed in this report since January 2012.

Nuveen Investments (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 577 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 Nuveen Investments

Company Country Total value
(US$ mln)
% Outstanding Filing date
Honeywell International United States 577 0.71 31-3-2015

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

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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.