European Banks Start Task Force to Boost Defense Investment

Europe’s top banks have convened a task force to boost the industry’s capacity to support a step change in the region’s defense spending.

Banks including BNP Paribas SA, UniCredit SpA, Intesa Sanpaolo SpA, ING Groep NV, Deutsche Bank AG and Cooperatieve Rabobank UA have signed up to a task force on defense financing set up by the European Banking Federation in recent days, the EBF told Bloomberg News.