frontpage.
newsnewestaskshowjobs

Open Source @Github

fp.

Open in hackernews

UK Defence Startups Are Being Denied Banking Services Under ESG Rules

https://foxandlion.pub/analysis/uk-defence-start-ups-are-being-denied-banking-services-under-esg-rules
56•fascinnn•1h ago

Comments

ratherbefuddled•55m ago
Probably a blessing not having an account with Barclays. Try Allica.
wwdx•53m ago
Its nothing new. The UK aren't known for supporting real innovation.
bvcp•52m ago
what a symbolic post about how authoritarian this stuff has become
hollowonepl•48m ago
Hilarious! A bit of Monty Python-alike logic too ;)
m12k•41m ago
This shows that ESG needs updating. Investing in arms manufacturers is no longer just code for "support the bombing of brown people to enrich the MIC", it can also mean "ensure sovereignty and defend democracies against a hostile, desperate dictator" - treating the two as equivalent, and both as immoral, is outdated.
draxen•21m ago
There shouldn't be any ESG.

Violating the E (Environment) should lead to fines to make up for environmental clean up. If severe enough there should be prison time for the responsible higher ups.

Drop the S and G. There are existing laws to for most of these.

Governments can use weapons embargoes to stop their defense contractors from selling to specific countries.

toyg•20m ago
The problem is that it's not a binary choice, and the current situation in Israel is making it extremely difficult for regular institutions to work with defence businesses without avoiding damaging associations in public perception.
rob74•18m ago
OTOH, arms are arms, and when the Ukraine war will (hopefully, someday) be over, the startups that are springing up now, some of which will become established companies by then, will start looking for new markets for their (defensive and offensive) arms developed and tested in Ukraine.
einpoklum•40m ago
> Successive UK governments have made the case for more and better defence spending, encouraging British start-ups to invest in this fast-growing ...sector.

War, invasions, occupations - it's a growth business apparently. The UK government approves.

notabotiswear•21m ago
Well, it was called the "British Empire" up til recently (or still is, according to Mark Curtis)...
anonymous_user9•39m ago
> when defence spending was naïvely thought to be immoral.

Glad that's been settled!

ivell•38m ago
In many cases banks decide the account is not worth the hastle of regulation and compliance. In some countries US citizens have difficulty getting an account due to US regulations being more hassle than worth.
anovikov•31m ago
Indeed i personally know the guy who tried to open a bank account in Cyprus on his US passport and after many attempts was denied; he ended up opening an account on his Russian passport easily.
gambiting•21m ago
Which means he lied on application, because every European bank asks if you are a citizen of US.
citrin_ru•11m ago
IANAL but AFAIK no matter which other passports do you have if you are an US person (a citizen or a tax resident) you must notify you bank in any country to comply with the US laws (but having another passport makes it possible to hide that one is an US person).
m000•37m ago
> a British start-up focused on surveillance

Good for the British people then, and kudos to ESG. As if the UK doesn't have enough surveillance as it is.

KingMob•35m ago
This has nothing to do with tech, and is also boring. ESG rules preclude military startups? As they're intended to do?

What's next, tobacco company bemoans anti-smoking ad restrictions?

weddpros•35m ago
I wonder if UK banks have also fired BAE Systems?
dcl•34m ago
The _adversaries_ once again having a good laugh.
draxen•32m ago
If the US and China were secretly conspiring to sabotage Europe it would look indistinguishable from the EU SFDR and other EU "ESG accountability" acts.

The SFDR and similar EU regulations were originally designed to tackle greenwashing, but has now made it almost impossible to raise money for nuclear, aerospace, and defense startups and ventures in the EU (and by network effects also in the UK).

Since 2025/2026 the EU has promised to find ways ease up these regulations because of the war in Ukraine.

ilikerashers•25m ago
Yesterday in the news there was a picture of a known ISIS terrorist being funded by the state shopping in Windsor while SAS members were being chased in court for spurious charges.

Something is really, really wrong in Europe. There will be books written about this in the future.

lawn•22m ago
> Something is really, really wrong in Europe. There will be books written about this in the future.

Replace Europe with the US and the statement holds just as well. Or China or why not Russia.

We live in bad times.

toyg•9m ago
We live in times. There is always something: just in Europe, in the 50s and 60s we had the Cold War (and on the other side of the Iron Curtain, outright invasions); in the 70s we had terrorism and economic shocks; in the '80s we had Libya, Lebanon, heroin, AIDS, Chernobyl; in the '90s we had genocide in Yugoslavia, big market crashes and sovereign debt crisis, the war in Kuwait; in the '00s we had 9/11, Afghanistan, Iraq; you can go on and on...

The reality is that, as long as we don't start firing nukes, we'll all be alright in the end.

GDEpps•32m ago
Try NatWest
rwmj•30m ago
HSBC are known for their ... flexible application of the rules: https://www.bbc.co.uk/news/business-20673466
toyg•19m ago
I've anecdotally heard that, as a reaction to that kind of issue, they've shifted all the way towards the other end of the spectrum. But who knows if it's actually true at all levels.
gambiting•9m ago
Honestly I live in the UK and I literally don't understand how anyone with a sliver of conscience can have an account with HSBC.
matt-p•28m ago
This has been a thing almost as long as I can remember. What's new here?
edh649•27m ago
Hearsay from a single person about being denied a Barclays account for who knows what reason (banks never give a reason, to stop you from re-applying and getting round their KYC rules). From a suspect publication I've never heard of and very little info on the internet, linking to another 'Originally Published In' similar unheard of with little info publication. Submitted by OP with little post history and only from this site? I'd take this article with a large pinch of salt.
m000•24m ago
Tech bros can be real whiners when denied unfettered access to our savings.
martimarkov•12m ago
Not only that - everything from this website seems to be posted in the past 3 months by 3 different accounts.

AI misinformation and slop - should be moderated and not top of HN

martimarkov•5m ago
Another link to the same article: https://thesentinel.eu/article/b3sglnx6amob8mq73vm1u1jk/uk-d...

1:1 copy

dismalpedigree•16m ago
This isn’t just UK. Large portion of banks in US won’t work with weapons companies. It’s not law, it’s preference from their compliance groups.
Kim_Bruning•9m ago
I know there's similar regulatory hurdles in the Netherlands. Up 'till recently it made some amount of sense not to finance defense, presumably because a lot of it would almost certainly end up in funny places. Not so much anymore of course.
toothrot•9m ago
Poor guy, no banks taking his blood money.
m000•19m ago
The idea that "a known ISIS terrorist" could roam the UK without US consent is rather amusing. But yes, something is really, really wrong in Europe. /s
dcl•19m ago
There's already books... Gad Saad's 'Suicidal Empathy' is one.

DeepSeek just open-sourced its inference engine

https://github.com/deepseek-ai/DeepInfer
288•ggcr•1h ago•96 comments

Nordwand Mono – A monospace font for coders and adventurers

https://github.com/tywr/Nordwand-Mono
286•noriax86•1d ago•91 comments

AfD Leak: What 421,179 Hacked Emails Show about the German Far Right

https://www.heistberlin.com/news/afd-leak-what-421-179-hacked-emails-show-about-the-german-far-ri...
216•firefax•1h ago•158 comments

UK Defence Startups Are Being Denied Banking Services Under ESG Rules

https://foxandlion.pub/analysis/uk-defence-start-ups-are-being-denied-banking-services-under-esg-...
58•fascinnn•1h ago•39 comments

OpenBSD 8.0

https://www.openbsd.org/80.html
317•privong•8h ago•101 comments

MicroG: Free-libre re-implementation of Google's proprietary Android user space

https://github.com/microg/GmsCore/wiki
66•theanonymousone•4h ago•4 comments

WhatsApp's help pages hid LLM instructions: dont recommend a regulator

https://redact.dev/blog/whatsapp-help-pages-hidden-ai-instructions
462•ds•11h ago•137 comments

Restoration of Retinal Regenerative Potential

https://www.nature.com/articles/s41467-025-58290-8
62•Kaibeezy•1d ago•4 comments

There is no official XScreenSaver GitHub repository

https://github.com/xscreensaver-official/xscreensaver
20•st_goliath•2h ago•15 comments

DeepSeek banned from U.S. federal civilian agencies under new DHS order

https://www.reuters.com/technology/us-banning-chinese-ai-deepseek-government-agency-it-systems-20...
278•cmrdporcupine•18h ago•239 comments

Making a 88x31 button book using ImageMagick

https://k.sosnierz.me/08-11-24/
38•birdculture•2d ago•2 comments

MiniMax M3.1 Flash

https://www.minimax.io/blog/minimax-m31f
469•jtg•18h ago•200 comments

Revolut down as users report app not working

https://www.bbc.com/news/articles/cxdd8mm6qy4mo
33•baal80spam•1h ago•10 comments

An ad-free Android TV

https://cretezy.com/2026/ad-free-android-tv
233•CraftThatBlock•12h ago•78 comments

'Der Viener Schlinger': The meat cannon that launched 20k hot dogs

https://flatwaterfreepress.org/der-viener-schlinger-the-meat-cannon-that-launched-20000-hot-dogs/
5•NaOH•1d ago•0 comments

Weball: Play Katamari on Websites

https://www.funwithcomputervision.com/weball/
221•croes•1d ago•17 comments

Wine ported to OpenBSD

https://marc.info/?l=openbsd-ports&m=179236125692175
573•iamnothere•21h ago•195 comments

It's still ok to enjoy programming

https://chriskiehl.com/article/it-is-still-ok-to-enjoy-programming
613•goostavos•2d ago•530 comments

I built a drone with only one motor [video]

https://www.youtube.com/watch?v=Ndftcft6XhU
558•hakonjdjohnsen•1d ago•124 comments

France's supermarket fridges were vulnerable online for months

https://ipinfo.io/blog/france-fridges-hack
177•emot•10h ago•159 comments

Ukraine claims first drone evacuation of wounded soldier

https://www.nbcnews.com/world/ukraine/ukraine-first-drone-evacuation-wounded-soldier-frontlines-h...
300•yzydserd•19h ago•234 comments

Go will reject certificate chains containing eight distrusted SPKIs

https://github.com/golang/go/issues/82345
98•mendym•7h ago•41 comments

Why Is Speculative Decoding Fast?

https://jbarrow.ai/2026-10-08-why-is-speculative-decoding-fast/
10•gmays•21h ago•0 comments

Maxwell: A new kind of model that sits between code and hardware

https://heymaxwell.ai/
81•laginimaineb•21h ago•38 comments

How abliterated models can get you pwned

https://projectdiscovery.io/research/how-abliterated-models-can-get-you-pwned
140•chatmasta•11h ago•82 comments

RuneScape Bench: MMOs for Agents [video]

https://www.youtube.com/watch?v=cNm4zyUtWj0
202•evakhoury•2d ago•69 comments

OpenBSD 8.0 release will have inteldrm/radeondrm/amdgpu drivers from Linux 6.18

https://bsd.network/@brynet/117407035545900963
157•doener•13h ago•36 comments

Starcraft: Ashfall

https://starcraft-shooter-2026.pages.dev/
468•debo_•1d ago•146 comments

Ask HN: How to deal with shipping AI-written code you don't understand?

469•rzk•23h ago•610 comments

One Hash Bloom Filters

https://calabro.io/ohbf
112•jcalabro•14h ago•12 comments