EU excludes major banks from bond sales
15/06/2021 14:52
AMSTERDAM, June 15 (Reuters) - The European Union has
excluded some of the biggest investment banks with past
involvement in breaches of antitrust rules from syndicated debt
sales backing its up to 800 billion euro ($969 billion) COVID-19
recovery fund, the EU executive said on Tuesday.
"The Commission will be undertaking a careful assessment of
whether the primary dealers found guilty of breaching anti-trust
rules have taken necessary remedial measures to terminate these
practices and are ready to undertake to take steps to avoid
their recurrence," the European Commission said in a statement
to Reuters.
(Reporting by Yoruk Bachceli and Dhara Ranasinghe;
Editing by Rachel Armstrong)
((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;))