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J.P. Morgan, Deutsche Bank and the Dutch International Group support the establishment of a new pan-European bank aimed at promoting secure spending throughout the region. Rob Murray, CEO of the development group guiding the creation of the bank, said on Thursday that these heavyweight banks are among the largest financial institutions supporting the Defense, Security and Resilience Bank (DSRB). The bank hopes to raise 100 billion ($132.9 billion) to strengthen military reorganization and address threats. The idea is to allow European countries to quickly invest in defense procurement without causing a surge in government debt, especially as US President Trump threatens to reduce military support to the European continent. The bank aims to address systemic issues in defense financing, particularly helping small companies that have difficulty obtaining credit for essential components. The DSRB will provide guarantees for commercial banks to unlock credit for suppliers. It will also issue bonds supported by AAA ratings, which will lower borrowing costs for state governments.