Hall of Shame – G

The following financial institutions beginning with “G” appear in the 2014 Don’t Bank on the Bomb Hall of Shame. For the full list, or to lookup financial institutions by country, please see here.

GAM Holding (Switzerland)

GAM Holding has made an estimated 7 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which GAM Holding (Switzerland) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by GAM Holding

Company Country Total value (US$ mln) % Outstanding Filing date
Safran France 7 1.04 30-Apr-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Gamco Investors (United States)

Gamco Investors has made an estimated 674 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Gamco Investors (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Gamco Investors

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 178 15.92 30-Jun-2014
Honeywell International United States 381 0.52 30-Jun-2014
Textron United States 115 1.08 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

GenCorp, Inc. Retirement Savings Plan (United States)

GenCorp, Inc. Retirement Savings Plan has made an estimated 48 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which GenCorp, Inc. Retirement Savings Plan (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by GenCorp, Inc. Retirement Savings Plan

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 48 4.53 31-Dec-2013

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

General Electric (United States)

General Electric has made an estimated 331 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by General Electric (United States) to the nuclear weapon companies since January 2011.

Loans provided by General Electric

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Finmeccanica Finmeccanica SpA 3,001 106 09-Jul-2014

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which General Electric (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by General Electric (United States)

Company Country Total value (US$ mln) % Outstanding Filing date
General Dynamics United States 20 0.51 31-Mar-2014
Honeywell International United States 115 1.83 31-Mar-2014
Raytheon United States 45 0.86 31-Mar-2014
Rockwell Collins United States 45 2.73 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

General Insurance Corporation of India (India)

General Insurance Corporation of India has made an estimated 327 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which General Insurance Corporation of India (India) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by General Insurance Corporation of India

Company Country Total value (US$ mln) % Outstanding Filing date
Larsen & Toubro India 327 2.04 31-Dec-2013

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Genworth Financial (United States)

Genworth Financial has made an estimated 88 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Genworth Financial (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Genworth Financial

Company Country Total value (US$ mln) % Outstanding Filing date
Fluor United States 5 0.60 31-Mar-2014
Leidos United States 7 0.54 31-Mar-2014
Lockheed Martin United States 61 0.63 31-Mar-2014
Textron United States 15 0.70 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Geode Capital Management (United States)

Geode Capital Management has made an estimated 2,615 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Geode Capital Management (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Geode Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
AECOM United States 17 0.53 30-Jun-2014
Alliant Techsystems United States 22 0.51 30-Jun-2014
Babcock & Wilcox United States 18 0.53 30-Jun-2014
Boeing United States 633 0.69 30-Jun-2014
Fluor United States 88 0.73 30-Jun-2014
Gencorp United States 7 0.59 30-Jun-2014
General Dynamics United States 287 0.74 30-Jun-2014
Honeywell International United States 532 0.73 30-Jun-2014
Huntington Ingalls United States 27 0.58 30-Jun-2014
Jacobs Engineering United States 52 0.74 30-Jun-2014
Lockheed Martin United States 318 0.62 30-Jun-2014
Northrop Grumman United States 196 0.79 30-Jun-2014
Raytheon United States 226 0.79 30-Jun-2014
Rockwell Collins United States 76 0.72 30-Jun-2014
Textron United States 79 0.74 30-Jun-2014
URS United States 16 0.52 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which Geode Capital Management (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Geode Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 20 2.44 30-Jun-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

GIC (Singapore)

GIC has made an estimated 382 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which GIC (Singapore) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by GIC

Company Country Total value (US$ mln) % Outstanding Filing date
Larsen & Toubro India 165 1.03 31-Dec-2013
Serco United Kingdom 217 6.40 23-Jul-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Glenhill Capital Management (United States)

Glenhill Capital Management has made an estimated 31 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Glenhill Capital Management (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Glenhill Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 31 2.72 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Glenview Capital Management (United States)

Glenview Capital Management has made an estimated 115 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Glenview Capital Management (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Glenview Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
Babcock & Wilcox United States 115 3.29 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Global Atlantic Financial (Bermuda)

Global Atlantic Financial has made an estimated 21 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Global Atlantic Financial (Bermuda) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Global Atlantic Financial

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 21 0.63 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Goldman Sachs (United States)

Goldman Sachs has made an estimated 5,060 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Goldman Sachs (United States) to the nuclear weapon companies since January 2011.

Loans provided by Goldman Sachs

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 4,345 76 14-Mar-2011
BAE Systems BAE Systems PLC 3,269 82 12-Dec-2013
Boeing Boeing Co 2,300 42 05-Nov-2011
2,300 42 05-Nov-2011
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
3,000 129 30-Mar-2012
4,000 73 18-Nov-2013
Lockheed Martin Lockheed Martin Corp 1,500 90 26-Aug-2011
Northrop Grumman Northrop Grumman Corp 500 43 09-Aug-2011
1,500 129 09-Aug-2011
500 13 18-Aug-2012
Textron Textron Inc 1,000 75 30-Sep-2013
1,000 143 02-Mar-2011
ThyssenKrupp ThyssenKrupp AG 2,751 75 07-Mar-2014

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the underwriting of share issuances by Goldman Sachs (United States) for the nuclear weapon companies since January 2011.

Underwriting of share issuances by Goldman Sachs

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 2,158 1,079 12-Jun-2012
2,947 1,473 17-Apr-2013
Larsen & Toubro L&T Finance Holdings Ltd 34 17 06-Dec-2014

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

The table below provides an overview of the underwriting of bond issuances by Goldman Sachs (United States) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Goldman Sachs

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
BAE Systems BAE Systems PLC 350 70 10-May-2011
400 80 10-May-2011
500 100 10-May-2011
Boeing Boeing Capital Corp 250 9 28-Jul-2011
500 18 28-Jul-2011
Boeing Co 350 35 30-Apr-2013
Finmeccanica Finmeccanica Finance SA 339 20 17-Jan-2014
950 59 26-Nov-2013
General Dynamics General Dynamics Corp 500 19 07-May-2011
500 19 07-May-2011
500 19 07-May-2011
Honeywell International Honeywell International Inc 300 10 18-Nov-2013
700 23 18-Nov-2013
600 33 14-Feb-2011
800 44 14-Feb-2011
Lockheed Martin Lockheed Martin Corp 500 30 09-Jun-2011
600 36 09-Jun-2011
900 54 09-Jun-2011
Northrop Grumman Northrop Grumman Corp 850 57 28-May-2013
950 63 28-May-2013
1,050 70 28-May-2013
Textron Textron Inc 250 30 14-Sep-2011
250 30 14-Sep-2011
250 19 23-Jan-2014
350 26 23-Jan-2014

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which Goldman Sachs (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Goldman Sachs

Company Country Total value (US$ mln) % Outstanding Filing date
Alliant Techsystems United States 49 1.14 30-Jun-2014
Fluor United States 66 0.54 30-Jun-2014
Textron United States 333 3.12 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Gosha Trading (United States)

Gosha Trading has made an estimated 20 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Gosha Trading (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Gosha Trading

Company Country Total value (US$ mln) % Outstanding Filing date
Leidos United States 20 0.58 31-Dec-2012

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Gotham Asset Management (United States)

Gotham Asset Management has made an estimated 67 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Gotham Asset Management (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Gotham Asset Management

Company Country Total value (US$ mln) % Outstanding Filing date
AECOM United States 21 0.64 30-Jun-2014
Huntington Ingalls United States 46 1.00 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Grantham, Mayo, Van Otterloo (United States)

Grantham, Mayo, Van Otterloo has made an estimated 221 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Grantham, Mayo, Van Otterloo (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Grantham, Mayo, Van Otterloo

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 115 0.50 07-Aug-2014
Finmeccanica Italy 106 1.99 15-Apr-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Greenlight Capital (United States)

Greenlight Capital has made an estimated 136 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Greenlight Capital (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Greenlight Capital

Company Country Total value (US$ mln) % Outstanding Filing date
Babcock & Wilcox United States 48 1.38 30-Jun-2014
URS United States 88 2.77 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Groupe BPCE (France)

Groupe BPCE has made an estimated 1,403 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Groupe BPCE (France) to the nuclear weapon companies since January 2011.

Loans provided by Groupe BPCE

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 4,345 163 14-Mar-2011
Safran Safran SA 1,320 198 21-Oct-2011

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the underwriting of bond issuances by Groupe BPCE (France) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Groupe BPCE

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Boeing Boeing Capital Corp 250 9 28-Jul-2011
Thales Thales SA 389 56 13-Mar-2013
648 93 13-Mar-2013

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which Groupe BPCE (France) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Groupe BPCE

Company Country Total value (US$ mln) % Outstanding Filing date
Babcock & Wilcox United States 42 1.20 30-Jun-2014
General Dynamics United States 407 1.04 30-Jun-2014
Safran France 329 1.20 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which Groupe BPCE (France) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Groupe BPCE

Company Country Total value (US$ mln) % Outstanding Filing date
Textron United States 107 4.98 30-Jun-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Grupo BBVA (Spain)

Grupo BBVA has made an estimated 3,034 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Grupo BBVA (Spain) to the nuclear weapon companies since January 2011.

Loans provided by Grupo BBVA

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 1,187 142 11-Aug-2014
1,050 126 11-Aug-2014
750 20 07-Jun-2013
600 40 23-Sep-2011
1,050 105 29-Jan-2014
1,050 70 13-Jul-2011
Airbus Group EADS 4,345 163 14-Mar-2011
Babcock & Wilcox The Babcock & Wilcox Co 700 32 22-May-2012
Boeing Boeing Co 2,300 42 05-Nov-2011
42 05-Nov-2011
460 29-Sep-2012
460 29-Sep-2012
Finmeccanica Finmeccanica SpA 3,001 150 09-Jul-2014
General Dynamics General Dynamics Corp 1,000 125 21-Jun-2013
1,000 80 14-Jul-2011
1,000 80 14-Jul-2011
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
3,000 129 30-Mar-2012
4,000 73 18-Nov-2013
ThyssenKrupp ThyssenKrupp AG 2,751 138 07-Mar-2014

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the underwriting of bond issuances by Grupo BBVA (Spain) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Grupo BBVA

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology Corp 800 80 17-Sep-2014
800 80 17-Sep-2014
Boeing Boeing Capital Corp 250 9 28-Jul-2011
500 18 28-Jul-2011
Finmeccanica Finmeccanica Finance SA 339 20 17-Jan-2014
950 59 26-Nov-2013
General Dynamics General Dynamics Corp 500 40 07-May-2011
500 40 07-May-2011
500 40 07-May-2011
Honeywell International Honeywell International Inc 300 10 18-Nov-2013
700 23 18-Nov-2013
600 33 14-Feb-2011
800 44 14-Feb-2011

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014

Grupo Santander (Spain)

Grupo Santander has made an estimated 830 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Grupo Santander (Spain) to the nuclear weapon companies since January 2011.

Loans provided by Grupo Santander

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 4,345 163 14-Mar-2011
Boeing Boeing Co 2,300 42 11-May-2011
2,300 42 11-May-2011
Finmeccanica Finmeccanica SpA 3,001 106 09-Jul-2014
General Dynamics General Dynamics Corp 1,000 35 14-Jul-2011
43 14-Jul-2011
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
4,000 73 18-Nov-2013
ThyssenKrupp ThyssenKrupp AG 2,751 138 07-Mar-2014

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the underwriting of bond issuances by Grupo Santander (Spain) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Grupo Santander

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Boeing Boeing Capital Corp 500 18 28-Jul-2011
Boeing Co 350 10 30-Apr-2013
Finmeccanica Finmeccanica Finance SA 339 20 17-Jan-2014
950 59 26-Nov-2013
Fluor Fluor Corp 500 20 09-Aug-2011

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

Gruppo BPM (Italy)

Gruppo BPM has made an estimated 150 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Gruppo BPM (Italy) to the nuclear weapon companies since January 2011.

Loans provided by Gruppo BPM

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Finmeccanica Finmeccanica SpA 3,001 150 09-Jul-2014

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

Guardian Life Insurance Company of America (United States)

Guardian Life Insurance Company of America has made an estimated 36 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Guardian Life Insurance Company of America (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Guardian Life Insurance Company of America

Company Country Total value (US$ mln) % Outstanding Filing date
Huntington Ingalls United States 29 0.62 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which Guardian Life Insurance Company of America (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Guardian Life Insurance Company of America

Company Country Total value (US$ mln) % Outstanding Filing date
Fluor United States 7 0.84 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Gulf Bank (Kuwait)

Gulf Bank has made an estimated 13 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Gulf Bank (Kuwait) to the nuclear weapon companies since January 2011.

Loans provided by Gulf Bank

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Northrop Grumman Northrop Grumman Corp 500 13 18-Aug-2012

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

Gulf International Bank (Bahrain)

Gulf International Bank has made an estimated 76 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Gulf International Bank (Bahrain) to the nuclear weapon companies since January 2011.

Loans provided by Gulf International Bank

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Raytheon Raytheon Co 1,400 76 13-Dec-2011

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

 

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.