Roman Catholic Bank Invested in Arms, Birth Control, and Tobacco

Pax Bank, a Roman Catholic Bank in Germany, has advertised ethical investment funds that adhere to Catholic beliefs; however, it was recently revealed that the bank has invested in a British arms company, an American birth control manufacturer, and tobacco companies.  The bank has apologized and stated that it will correct the over-looked investment mistakes. 

See BBC, Catholic bank owned pill shares, Aug. 3, 2009.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.