5th and 14th of February 2026 / 1.04.26
We are publishing, under a Creative Commons license, the second version of our Research Note, which brings together, for the first time, investment data from ten leading Swiss financial players in four US companies that are “allies and assets” and key service providers to ICE: Palantir, AT&T, Geo Group, and CoreCivic.
From the perspective of the commercial and financial practices in which they operate, these companies participate in the “value chain” of surveillance and deportation of migrants in the US, but also in the “chaos” operating on a more global scale.
The investors are: UBS, Swiss National Bank (SNB), Zurich Cantonal Bank (ZKB), Pictet, Lombard Odier, Swiss Life, Zurich Insurance, Vaud Cantonal Bank (BVC), Raiffeisen and Julius Baer. In doing so, they are violating the human rights rules they themselves have set and undermining the interests of the Swiss population.
We consider it essential to explore and question the reasons, modes of action, and perspectives of the oligarchic, extractivist, and reactionary wave currently sweeping the world.
We are interested in any additional information and analysis on the subject. Finally, we welcome any support that will enable us to continue and further develop the action research we have undertaken.
ADDITIONS: In this second version, three investors (Banque Cantonale Vaudoise, Raiffeisen, Julius Baer), several investment data, details relating to the attempt at mediation before the Swiss NCP, details concerning the human rights policies of the three new investors, as well as information relating to ICE service providers and human rights violations have been added.
Two articles were published on RTS and SRF.
Stand Earth published a follow-up to our research on Canadian investors: https://stand.earth/press-releases/canadian-public-pensions-canada-banks-profit-35-billion-ice-contractors/, and in the media: https://globalnews.ca/news/11751185/canadian-banks-pension-funds-billions-ice-contractors/
