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BNP Paribas

Major French banks financing Israeli settlements: rights report

PARIS: Four major French banks and one big insurer are financing Israeli settlements in occupied Palestinian territories through links to local banks and businesses, a report by the International Federation for Human Rights said on Wednesday. BNP Paribas, Credit Agricole, Societe Generale, BPCE and AXA hold shares or are otherwise involved with Israeli banks which are an "essential political tool in the creation of the settlements (and) finance construction," according to the study. Its authors called Israeli…