EU bond ban is smarter way to police errant banks LiamWardProud
The European Union has frozen 10 big banks out of bond sales for its 800 billion euro pandemic recovery fund, the Financial Times reported on June 15.
Banks found to have previously breached EU competition rules “will not be invited to tender for individual syndicated transitions”, the newspaper cited a European Commission spokesman as saying. The lenders will have to show that they have taken “remedial measures” before returning to the deals. The list of banks is: Bank of America, Barclays, Citigroup, Credit Agricole, Deutsche Bank, JPMorgan, Natixis, NatWest, Nomura and UniCredit.Related Links
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