EU lifts ban on two remaining banks on bond sales

BRUSSELS, July 2 (Reuters) - The EU Commission said on Friday it has lifted the ban on two remaining banks previously excluded from syndicated debt sales backing the European Commission's up to 800-billion-euro ($947.92 billion) COVID-19 recovery fund.

The commission said in an emailed statement it had "lifted the suspension on the remaining 2 banks from its Primary Dealer Network", though it did not name the banks.

In June, the commission had banned 10 of the bloc's biggest primary dealers from working on a bond deal backing its recover fund in relation to past breaches of antitrust rules.

While eight of the ten banks were swiftly re-admitted, another two - identified by sources as Natixis and NatWest NWG.L had to await further assessment.

($1 = 0.8440 euros)
Reporting by Foo Yun Chee in Brussels, writing by Karin Strohecker; editing by Thyagaraju Adinarayan

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.