Norway’s $2 trillion wealth fund, the world’s largest, said it has divested from US construction equipment group Caterpillar as well as five Israeli banking groups on ethics grounds. The five banks are Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel and FIBI Holdings, the fund said in a statement. The six groups were excluded “due to an unacceptable risk that the companies contribute to serious violations of the rights of individuals in situations of war and conflict”, said the fund, which is operated by Norway’s central bank. […] The fund’s ethics watchdog, called the Council on Ethics,...