Methodist pension board bars investment in 5 Israeli banks

IsraelMethodist_LGNEW YORK — The pension fund for the United Methodist Church has blocked five Israeli banks from its investment portfolio in what it describes as a broad review meant to weed out companies that profit from abuse of human rights.

The fund, called the General Board of Pension and Health Benefits, excluded Bank Hapoalim, Bank Leumi, First International Bank of Israel, Israel Discount Bank, and Mizrahi Tefahot Bank, according to the pension board’s website. MORE