A file picture taken on May 15, 2012 in New York shows a New York City Police officer guarding the entrance to the JP Morgan Chase World Headquarters. AFP PHOTO/TIMOTHY A. CLARY
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Financial firms invest $28B in cluster bomb-makersMore than 155 financial institutions have invested billions of dollars in companies making cluster bombs, weapons which are banned under international law because of their impact on civilians, a pressure group said Thursday. The firms invested more than $28 billion in seven producers of cluster munitions between June 2012 and April 2016, according to a report by PAX, a Dutch campaigning organization. The report also named 84 financial institutions which have put in place policies that end investments in cluster munitions producers, up from 76 in 2014, when PAX published its last report on the issue.
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