NJ Pension Divests From Danish Bank That Boycotts Israel

TRENTON (AP) -

New Jersey’s government worker pension fund will divest from a Danish bank that officials say is boycotting Israeli businesses.

The State Association of Jewish Federations argued last year that Danske Bank was refusing to do business with two Israeli defense companies.

Danske’s spokesman says the bank is not boycotting Israel or Israeli companies, but has a list of companies it says “do not meet the requirements of responsible investment principles.”