Market Chatter: Westpac to Boost Defense Lending
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Westpac Banking is set to enhance its defense industry lending from its new Frankfurt office, aiming to leverage Europe's rearmament and Australia's increased military spending post-Trump's election. The bank plans to support European firms involved in projects like the Aukus submarine bases, although specific client details remain undisclosed. Aukus is a trilateral security partnership between the US, UK, and Australia.
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