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British banks warned not to invest in planned Israeli settlement before UK trade ban begins

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This story was selected and curated by our editorial team in the Banking category. Published on September 22, 2026 • Originally reported by Patrick Wintour Diplomatic editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

MPs send out letter as Israeli government seeks bids for construction of large E1 settlement in West Bank

British banks and financial institutions are receiving written warnings from MPs that they should not invest in Israel’s E1 settlement project even though new UK laws banning trade with illegal settlements are unlikely to be in place for months.

A letter was sent to banks on Tuesday by the all-party Britain-Palestine group of MPs saying the onus was now on banks to review their obligations not to cooperate with new settlements.

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