The Banker reports:

[https://www.thebanker.com/content/9e120840-4cbf-45cf-a10c-39d0090ae8f5]

New defence bank launched to attract capital and fix ‘disastrous’ European procurement

A new multilateral bank, called the Defense, Security, and Resilience Bank, is being established to address funding gaps in defense spending among NATO and EU countries. This bank aims to provide favorable borrowing terms for governments to enhance their defense capabilities without increasing national debt.

The new Bank of War shows just how crazy things are getting as some people think a new bank is needed to finance the development and procurement of weapons to kill people.

The financial services sector will be rubbing their hands though because any new bank means lots of juicy fees as The Financial Post reports:

[https://financialpost.com/fp-finance/banking/rbc-defence-bank-partner-nato-target]

The Royal Bank of Canada will work alongside some of the world’s biggest lenders to help create a new defence bank that could help Canada meet elevated military spending targets required by the North Atlantic Treaty Organization (NATO).

Aside from RBC, global financial institutions such as JPMorgan Chase & Co. in the United States, ING Group NV in the Netherlands and Commerzbank AG and Landesbank Baden-Württemberg in Germany, have already signed on to support the DSRB.

That's the bank for me! Investing money in death.