SEB Opens to Nuclear Weapons Makers as Banks Rethink Guidelines

SEB AB said it’s open to doing business with makers of nuclear weapons as banks across Europe drop restraints amid a rearmament push.

SEB will accept business with companies involved in development, testing, production, manufacturing, acquisition, possession or storage of nuclear weapons, as long as they are headquartered in a NATO country, it said Monday in a statement.

The bank cited the “worsened security situation in Europe, European nations’ increased need of being able to defend themselves and build a credible deterrent level, as well as the fact that Sweden and Finland now are covered by the NATO nuclear weapons ...