(Bloomberg) Banks that include Citigroup Inc. are targeted in a European Union freeze on sales of syndicated bonds.
JPMorgan, Bank of America, Barclays, Deutsche Bank, and Nomura Holdings are the other financial institutions in a group of 10 banks targeted in the EU move.
The EU cites previous antitrust violations in blocking the banks and expects to conduct a “careful assessment” on targeted institutions.
The 10 banks are among 39 others of the so-called “primary dealers” allowed to bid for bonds in regular auctions.
The EU expects to start the debt auctions in September, with two syndications due before the end of next month.
The EU could issue a record 20 billion euros or $24 billion of 10-year bonds, which kicked on Tuesday, generating about 142 billion euros.
JPM is down -1.92%, C is down -0.59%, BARC is down -0.050%, DBK is down -0.16%, 8604 is down -1.83%
