Hall of Shame 2015 – U

The following financial institutions beginning with “U” 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.

UBI Banca (Italy)

UBI Banca (Italy) has made an estimated US$ 240 million available to the nuclear weapons companies listed in this report since January 2012.

UBI Banca (Italy) provided loans for an estimated amount of US$ 240 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 UBI Banca

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Finmeccanica 3,181 85 28-7-2010 21-9-2015
Finmeccanica 3,001 100 9-7-2014 9-7-2019
Finmeccanica 2,212 55 6-7-2015 6-7-2020

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

UBI Banca 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,

UBS (Switzerland)

UBS (Switzerland) has made an estimated US$ 5,122 million available to the nuclear weapons companies listed in this report since January 2012.

UBS (Switzerland) provided loans for an estimated amount of US$ 561 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 UBS

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
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 0 23-9-2014 15-10-2015
Boeing 2,473 0 23-9-2014 16-10-2019
Lockheed Martin 1,500 90 26-8-2011 26-8-2016
Textron 500 25 23-1-2014 23-1-2019

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

 

UBS (Switzerland) underwrote share issuances for an estimated amount of US$ 1,531 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of share issuances by UBS

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date
Airbus Group 922 922 26-4-2013
Safran 1,218 305 15-11-2013
Safran 1,218 305 15-11-2013

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

 

UBS (Switzerland) underwrote bond issuances for an estimated amount of US$ 114 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by UBS

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Boeing 350 10 30-4-2013 15-11-2018
Raytheon 1,100 88 27-11-2012 15-12-2022
Raytheon 300 8 24-11-2014 15-12-2024
Raytheon 300 8 24-11-2014 15-12-2044

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

 

UBS (Switzerland) owns or manages shares of the nuclear weapon companies for an amount of US$ 2,825 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 UBS

Company Country Total value
(US$ mln)
% Outstanding Filing date
Airbus Group The Netherlands 851 1.66 3-6-2015
BAE Systems United Kingdom 402 1.74 1-8-2015
Boeing United States 1,173 1.15 31-3-2015
Fluor United States 69 0.83 31-3-2015
Northrop Grumman United States 157 0.51 31-3-2015
Raytheon United States 174 0.52 31-3-2015

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

 

UBS (Switzerland) owns or manages bonds of the nuclear weapon companies for an amount of US$ 91 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 UBS

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 27 1.33 28-2-2015
Finmeccanica Italy 52 1.07 28-2-2015
Huntington Ingalls Industries United States 12 0.89 28-2-2015

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

UBS 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,

UMB Financial Corporation (United States)

UMB Financial Corporation (United States) has made an estimated US$ 27 million available to the nuclear weapons companies listed in this report since January 2012.

UMB Financial Corporation (United States) owns or manages shares 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 shares at the most recent available filing date are included.

Shareholdings managed by UMB Financial Corporation

Company Country Total value
(US$ mln)
% Outstanding Filing date
Huntington Ingalls Industries United States 27 0.51 30-6-2015

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

UniCredit (Italy)

UniCredit (Italy) has made an estimated US$ 1,645 million available to the nuclear weapons companies listed in this report since January 2012.

UniCredit (Italy) provided loans for an estimated amount of US$ 1,300 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 UniCredit

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
Finmeccanica 3,181 191 28-7-2010 21-9-2015
Finmeccanica 3,001 150 9-7-2014 9-7-2019
Finmeccanica 3,001 100 9-7-2014 9-7-2019
Finmeccanica 2,212 170 6-7-2015 6-7-2020
Honeywell International 2,800 62 17-3-2011 31-3-2016
Honeywell International 4,000 73 18-11-2013 10-12-2018
Lockheed Martin 1,500 35 14-8-2014 14-8-2019
Northrop Grumman 500 13 18-8-2012 3-9-2013
Thales 1,979 88 17-12-2010 17-12-2015
Thales 1,835 122 19-12-2014 19-12-2019

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

 

UniCredit (Italy) underwrote bond issuances for an estimated amount of US$ 331 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by UniCredit

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Airbus Group 640 96 20-10-2014 29-10-2029
Finmeccanica 777 71 28-11-2012 5-12-2017
Finmeccanica 950 59 26-11-2013 19-1-2021
Finmeccanica 339 20 17-1-2014 19-1-2021
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.

 

UniCredit (Italy) owns or manages bonds of the nuclear weapon companies for an amount of US$ 14 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 UniCredit

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 10 0.52 31-10-2014
MOOG United States 2 0.53 31-5-2015
Orbital ATK United States 2 0.52 30-4-2015

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

UniCredit 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,

Unit Trust of India (India)

Unit Trust of India (India) has made an estimated US$ 2,096 million available to the nuclear weapons companies listed in this report since January 2012.

Unit Trust of India (India) owns or manages shares of the nuclear weapon companies for an amount of US$ 2,096 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 Unit Trust of India

Company Country Total value
(US$ mln)
% Outstanding Filing date
Larsen & Toubro India 2,096 8.16 31-3-2015

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

Unit Trust of India 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,

United Fire Group (United States)

United Fire Group (United States) has made an estimated US$ 7 million available to the nuclear weapons companies listed in this report since January 2012.

United Fire Group (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 7 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 United Fire Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
Fluor United States 7 0.64 31-3-2015

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

United Overseas Bank (Singapore)

United Overseas Bank (Singapore) has made an estimated US$ 35 million available to the nuclear weapons companies listed in this report since January 2012.

United Overseas Bank (Singapore) provided loans for an estimated amount of US$ 35 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 United Overseas Bank

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Orbital ATK 400 14 9-9-2010 7-10-2015
Orbital ATK 600 21 9-9-2010 7-10-2015

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

Unum Group (United States)

Unum Group (United States) has made an estimated US$ 583 million available to the nuclear weapons companies listed in this report since January 2012.

Unum Group (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 583 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 Unum Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
BAE Systems United Kingdom 94 1.81 31-3-2015
Boeing United States 90 1.05 31-3-2015
Huntington Ingalls Industries United States 25 1.87 31-3-2015
Lockheed Martin United States 79 0.86 31-3-2015
Northrop Grumman United States 126 1.95 31-3-2015
Orbital ATK United States 12 3.99 31-3-2015
Raytheon United States 89 1.65 31-3-2015
Safran France 40 2.80 31-3-2015
Textron United States 27 0.92 31-3-2015

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

Unum Group 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,

US Bancorp (United States)

US Bancorp (United States) has made an estimated US$ 4,449 million available to the nuclear weapons companies listed in this report since January 2012.

US Bancorp (United States) provided loans for an estimated amount of US$ 3,960 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 US Bancorp

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Aecom 700 35 14-10-2011 19-10-2016
Aecom 1,000 50 14-10-2011 19-10-2016
Aecom 500 43 2-3-2012 2-3-2013
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
Aecom 1,925 77 11-8-2014 17-10-2019
Aecom 1,050 47 11-8-2014 17-10-2019
Aecom 500 20 11-8-2014 17-10-2019
Aerojet Rocketdyne 50 10 18-11-2011 18-11-2016
Aerojet Rocketdyne 150 30 18-11-2011 18-11-2016
Aerojet Rocketdyne 50 13 16-8-2012 16-8-2017
Aerojet Rocketdyne 100 13 30-5-2014 30-5-2019
Aerojet Rocketdyne 200 27 30-5-2014 30-5-2019
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 2,300 460 29-9-2012 14-10-2013
Boeing 2,300 460 29-9-2012 15-10-2017
Boeing 2,473 60 23-9-2014 15-10-2015
Boeing 2,473 60 23-9-2014 16-10-2019
CH2M Hill 900 72 19-4-2012 19-4-2017
Fluor 1,800 180 7-11-2012 9-11-2017
Fluor 1,700 227 28-5-2014 28-5-2019
Fluor 1,800 240 28-5-2014 28-5-2019
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 489 27 23-9-2013 6-11-2018
Huntington Ingalls Industries 650 35 23-9-2013 6-11-2018
Huntington Ingalls Industries 1,250 125 13-7-2015 13-7-2020
Jacobs Engineering 1,160 139 23-3-2012 23-3-2017
Jacobs Engineering 1,140 62 7-2-2014 7-2-2019
Jacobs Engineering 460 39 7-2-2014 7-2-2019
Jacobs Engineering 460 55 5-3-2015 5-3-2020
Jacobs Engineering 1,140 137 5-3-2015 5-3-2020
Lockheed Martin 1,500 90 26-8-2011 26-8-2016
Lockheed Martin 1,500 85 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 500 13 18-8-2012 3-9-2013
Orbital ATK 400 32 9-9-2010 7-10-2015
Orbital ATK 600 48 9-9-2010 7-10-2015
Orbital ATK 200 20 3-9-2012 3-9-2017
Orbital ATK 250 25 8-10-2013 1-11-2020
Orbital ATK 1,010 67 8-10-2013 1-11-2018
Orbital ATK 700 47 8-10-2013 1-11-2018
Orbital ATK 150 15 24-6-2014 24-12-2018
Raytheon 1,400 76 13-12-2011 13-12-2016
Textron 1,000 75 30-9-2013 4-10-2018

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

 

US Bancorp (United States) underwrote bond issuances for an estimated amount of US$ 489 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by US Bancorp

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Boeing 350 10 30-4-2013 15-11-2018
Boeing 300 9 28-10-2014 30-10-2021
Boeing 300 9 28-10-2014 30-10-2024
Boeing 250 6 18-2-2015 1-3-2025
Boeing 250 13 18-2-2015 1-3-2035
Boeing 250 8 18-2-2015 1-3-2045
Fluor 500 10 18-11-2014 15-12-2024
General Dynamics 900 39 1-11-2012 15-11-2017
General Dynamics 1,000 43 1-11-2012 15-11-2022
General Dynamics 500 21 1-11-2012 15-11-2042
Huntington Ingalls Industries 600 60 17-11-2014 15-12-2021
Lockheed Martin 750 14 12-2-2015 1-3-2025
Lockheed Martin 500 9 12-2-2015 1-3-2035
Lockheed Martin 1,000 18 12-2-2015 1-3-2045
Moog 300 23 18-11-2014 1-12-2022
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
Orbital ATK 300 50 22-10-2013 1-10-2021
Textron 250 19 23-1-2014 1-3-2021
Textron 350 26 23-1-2014 1-3-2024
Textron 350 19 23-10-2014 1-3-2025

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

US Bancorp 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,

USAA Investment Management Company (United States)

USAA Investment Management Company (United States) has made an estimated US$ 77 million available to the nuclear weapons companies listed in this report since January 2012.

USAA Investment Management Company (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 77 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 USAA Investment Management Company

Company Country Total value
(US$ mln)
% Outstanding Filing date
Fluor United States 20 1.95 31-3-2015
Orbital ATK United States 2 0.52 31-5-2015
Safran France 35 2.45 31-3-2015
Textron United States 20 0.68 31-5-2015

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

USS Investment Management (United Kingdom)

USS Investment Management (United Kingdom) has made an estimated US$ 163 million available to the nuclear weapons companies listed in this report since January 2012.

USS Investment Management (United Kingdom) owns or manages shares of the nuclear weapon companies for an amount of US$ 163 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 USS Investment Management

Company Country Total value
(US$ mln)
% Outstanding Filing date
BAE Systems United Kingdom 163 0.71 1-8-2015

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

USS Investment Management 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,

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.