Deutsche Bank, ING Exit Some European Primary Dealership Roles
- Belgium doesn't reappoint Deutsche Bank as primary dealer
- Nordea removed as Belgian dealer; ING drops Irish primary role
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Deutsche Bank AG, Europe’s biggest investment bank, wasn’t reappointed as a primary dealer in Belgian government bonds by the nation’s debt agency.
Nordea Bank AB, the Stockholm-based lender, will also see its role as a recognized dealer end after the ministry didn’t reappoint the company, the debt agency said in a statement on Wednesday. The country has retained 13 primary dealers, including Citigroup Inc., Barclays Plc and JPMorgan Chase & Co., and seven recognized dealers.