Cologne - The Catholic Pax-Bank, and its own self to ethically unclean investment business with pharmaceutical, defense and Tabakonzernen.
According to CEO Christoph Bernsdorff Board also assured Mr Winfried Hinzen that the case be made quickly from the world: "If you make mistakes, you have to stand and correct them."
The customer, in which he apologized, would not be penalized. The Sunday papers are still being sold, he said the "domradio.
According to "Spiegel" had the money catholic house (supervisory board chairman is the Cologne Cathedral Provost Norbert Feldhoff) invested € 158,867 in March in securities of U.S. producer Wyeth Pharmaceuticals.
This is inter alia Anti-baby pills ago, which are at the Vatican on the Index. In addition, € 577,970 in the arms giant BAE Systems has been created - it produces among others Nuclear submarines.
In addition, the Bank held shares of tobacco companies Imperial Tobacco and BAT for € 870,950. All transactions which are excluded under the Code of Ethics of the bank. Hinzen assured that they had known nothing of the facilities.
The operating business engaged Union Investment. Bernsdorff insisted that the transactions were durchgerutscht of its control. "We are sorry."
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