German city Frankfurt cuts ties to banks that enable Israel boycotts

By
January 29, 2018 17:47
Breaking news

Breaking news. (photo credit: JPOST STAFF)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The deputy mayor of the city of Frankfurt announced on Monday that the municipal government will end all commerce with banks that conduct business with organizations that support a boycott of the Jewish State.

In a statement sent to The Jerusalem Post, deputy mayor Uwe Becker wrote that "We will shortly only work together with banks, peoples' banks, and Sparkassen [public savings banks], who do not maintain business relations with organizations of the antisemitic BDS campaign or affiliated groups."

Frankfurt is the first German city to sanction banks and financial institutions for providing services to the Boycott, Divestment and Sanctions campaign targeting Israel.

This story is developing.

Related Content

Breaking news
August 15, 2018
U.S. targets Chinese and Russian firms with North Korea-related sanctions

By REUTERS