UK Banks Refuse Accounts to Defence Start-Ups
foxandlion.pub
Eyebrook’s founder was refused accounts by Barclays and other UK banks. Analysts blame anti-money laundering and ESG screening.
  • unexposedhazard@discuss.tchncs.deEnglish
    2·
    12 days ago

    but regulation lags politics, and many companies have run into compliance issues dating back to when defence spending was naïvely thought to be immoral.

    Hmm i wonder why…

    • Cypress@lemmy.zipEnglish
      4·
      12 days ago

      yes, things have certainly changed.

      We used to naively think it was immoral.

      Nowadays, we wisely know it is immoral.