What Happened
Bank Invests In European Defense Amid Rising Tensions
JPMorgan Chase is expanding its $1.5 trillion security-and-resiliency initiative to Europe, amid rising tensions and rearmament efforts. The bank has announced the appointment of retired Adm. Tony Radakin, former chief of UK defense staff, to its external advisory council, pending regulatory approval. The initiative focuses on investing in national-security-aligned companies and industries, including battery storage, nanomaterials, and quantum computing. According to Axios, JPMorgan Chase’s CEO Jamie Dimon emphasized the importance of strong and resilient supply chains for national and economic security.