(Reuters) The EU has lifted a ban targeting eight banks in syndicated debt sales amounting to 800 billion euro or $950.7 billion.
Nomura, Credit Agricole, UniCredit, Citigroup, JPMorgan, Bank of America, Barclays, and Deutsche Bank are said to be the banks under the EU ban lift.
The eight banks are among ten which were banned from bond sales on past antitrust breaches.
EU says the ten banks provided information that allowed it to determine that the ban against participating in the bond sales was not warranted.
The EU is still evaluating Natixis and NatWest which were also banned from participating in the bond sale.
The EU raised 20 billion euros on its first bond sale on Tuesday, a quarter of about 80 billion euros it has planned for 2021.
Major bank stocks are currently trading down. JPM is down -2.37%, C is down -2.32%, 8604 is down -2.36%, BAC is down -2.96%, BARC is down -3.58%, DBK is down -3.51%
