Why it matters:
Barclays's bank attempt reflects the growing impact of pro-Palestinian movements in the U.K.The movements have led to widespread boycotts of companies supporting Israel.
The big picture:
Over the past 17 months, Barclays has become a target of anti-Israel protests in the U.K., resulting in the closure of numerous customer accounts. In a surprising move, the bank has begun depositing funds into customer accounts under the guise of compensation for service disruptions, aiming to mitigate further customer attrition and attract new clients.
What they are saying:
Pro-Palestinian advocates have noted that Barclays' recent financial gestures are indicative of the bank's fear of losing more customers to competitors due to its support for Israel.
Customers have expressed their astonishment on social media, questioning the unexpected deposits in their accounts, with many speculating that the bank is trying to prevent a mass exodus of clients.
Key points:
- Barclays has faced significant backlash from pro-Palestinian supporters, leading to protests and account closures.
- Many companies supporting Israel are experiencing similar boycotts, forcing them to offer discounts to encourage sales.
- The boycott is linked with the ongoing violence against Palestinians in Gaza.
- Reports indicate that over 51,000 people, including around 19,000 children, have been massacred in the Israeli attacks.
Go deeper:
U.K. PM Urges Probe into Israeli Attack on Palestinian Medics
Zohre Khazaee
