Scotiabank and CIBC Join Major Global Banks in Backing New Multilateral Defence Finance Proposal
The Bank of Nova Scotia and CIBC have joined a proposal for a state-backed defence bank aiming to raise $135 billion. The plan follows support from Canada.
Insights:
The Bank of Nova Scotia and Canadian Imperial Bank of Commerce announced on Monday they would support the establishment of the Defence, Security and Resilience Bank (DSRB). This support follows a prior public signal of backing from the government of Canada 
CAand expands the list of major financial institutions partnering on a proposal intended to create a state-backed multilateral defence bank to finance critical defence projects.
CAand expands the list of major financial institutions partnering on a proposal intended to create a state-backed multilateral defence bank to finance critical defence projects.
