The Co-op Bank has closed the accounts of the Cuba Solidarity Campaign. The action follows on the heels of the closure of 20 accounts held by British pro-Palestine groups, and is thought to be linked to the bank’s takeover two years ago by American hedge funds.
In a statement, the campaign said: “We have banked with the Co-op for over 20 years and the bank was chosen as it presented itself as an ‘ethical’ bank linked to community and human rights organisations. Their recent unilateral action has jeopardised our finances and our campaigning capacity.”
Other groups’ funds are now thought to be at risk.