All Big Six Canadian banks now backing proposed defence bank [BNN Bloomberg (Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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US:NYSE Investor Relations:
seekingalpha.com/article/4128193-bank-nova-scotias-bns-ceo-brian-porter-q4-2017-results-earnings-call-transcript
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Source: BNN Bloomberg
BMO confirmed Wednesday it had joined the project, while RBC, CIBC, Scotiabank, TD and National Bank had already said they're partner banks of the DSRB. The defence bank, spearheaded by NATO countries, is meant to reduce borrowing costs for military spending by pooling credit strength. “We're proud to support efforts like the DSRB Development Group that will strengthen Canadian and Allied defence and security sectors,” said Carrie Cook, BMO's global head of investment and corporate banking, in a news release. The proposed structure of the defence bank would have member countries as owners of the institution. Shareholder nations would invest equity in the defence bank that it would use to back loans. Commercial banks like the Big Six would come into the picture by doing the actual lending to defence firms, at lower interest rates than they might otherwise charge because the loans would be backed by defence bank guarantees. Major global banks including JPMorgan, Deutsche Bank
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BNS
Earnings
- 12/2/25 - Beat
BNS
Sec Filings
- 2/13/26 - Form 424B2
- 2/13/26 - Form 424B2
- 2/13/26 - Form 424B2
- BNS's page on the SEC website