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Story summary
- The Defence, Security and Resilience Bank will raise 100 billion pounds ($135 billion) to fund defence projects for NATO members and allies.
- Canada was chosen to host the bank after Montreal negotiations, with Finance Minister François-Philippe Champagne saying the charter must be ratified.
- The bank’s partnership with JPMorgan, Deutsche Bank and the Royal Bank of Canada could create about 3,500 defence-finance jobs.
