April 3, 2016, entered history as a black Sunday for tax evaders, arms smugglers, drug dealers, corrupt politicians, athletes and business people as well as many financial institutions around the world. That day, more than 100 media companies in 76 ... →
This German edition of the Dirty Profits 5 looks at ten German banks and their investments in the controversial companies covered in Dirty Profits 5.
The document is targeted at German consumers, and covers ... →
In January 2017 Greenpeace released the report „Dirty Bankers – How HSBC is financing forest destruction for palm oil“. This report provides a detailed explanation of the business relations between HSBC and controversial palm oil companies.
HSBC is considered to ... →
In June 2016, BankTrack published its second edition of “Banking with Principles? – Benchmarking Banks against the UN Guiding Principles on Business and Human Rights“. Using 12 criteria in 4 categories (policies, due diligence commitments, reporting and access to remedy), ... →
The first free consumer portal rating the social and environmental commitments of German banks sees GLS Bank and Triodos Bank in the lead.
(Berlin, March 15, 2016) – On today’s World Consumer Rights Day, a coalition of German non-governmental organizations ... →
Commerzbank has been fined €17 million for helping clients evade taxes. The bank agreed with the prosecutors office in Cologne on the penalty payment , and in return further investigations have been halted . The Bank aided customers in evading ... →
According to recent reports, the Commerzbank will have to pay a fine amounting to almost USD 1 billion (approx. EUR 800 million) after it breached U.S. sanctions and anti money-laundering laws. The final settlement is expected by the end of ... →
In a recent interview with the Frankfurter Rundschau, Frank Annuscheit, Commerzbank’s Chief Operating Officer and head of the Bank’s Environmental Committee, promoted the bank’s progressive turn towards “green” policies aimed at making the bank more sustainable and environmentally friendly. However, ... →