UK Defence Startups Are Being Denied Banking Services Under ESG Rules
Eyebrook’s founder was refused accounts by Barclays and other UK banks. Analysts blame anti-money laundering and ESG screening.
Summary
UK banks are increasingly denying services to defense startups like Eyebrook, citing anti-money laundering and ESG screening. This trend raises questions about the impact of ethical investing criteria on emerging defense companies.
Comments (37 of ) ⌛