Palestine Action target two Manchester banks over Elbit investments

Jun 24, 2024

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Overnight, two groups from Palestine Action targeted JP Morgan Chase’s offices new offices in the Landmark building and Barclays branch in Altrincham. Both banks saw their windows shattered and red paint covering their offices, symbolising their complicity in Palestinian bloodshed. In Bristol, seven activists are locked on to two vehicles, blocking all access to the UK HQ of Elbit Systems. 

Both JP Morgan Chase and Barclays bank are both investors in Israel’s biggest weapons firm, Elbit Systems — a company which is the primary target of Palestine Action’s direct action campaign. Elbit manufactures 85% of Israel’s military drone fleet and land based equipment, as well as munitions, bullets, and missiles. Bezhalel Machlis, CEO of the Israeli weapons maker, publicly states the company has “ramped up production” to arm the ongoing Gaza genocide. 

Last month, JP Morgan Chase reduced their stake in Elbit Systems shares by 70%. However, their remaining investment is still significant and is currently valued at approximately $16million.

A Palestine Action spokesperson says “Our actions cause economic disruption to those who make a killing out of genocide. By doing so, we make deadly dealings a less attractive investment for banks who only value profit. All investors must understand investing in Elbit comes with the additional risk of Palestine Action.”


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Palestine Action is a direct-action network of groups and individuals formed with the mandate of taking action against the sites of Elbit Systems and other companies complicit in Israeli apartheid and genocide, calling for all such sites to be shut down.