Market Chatter: Huntington Bancshares, PNC Among US Banks Eyeing EU Lending Exemption Under New Rules

06:27 AM EST, 11/12/2026 (MT Newswires) -- Huntington Bancshares (HBAN) and PNC Financial Services Group (PNC) are among US banks planning to continue lending into the European Union using a reverse solicitation exemption under new cross-border banking rules, Reuters reported Thursday, citing unnamed sources familiar with the matter. The exemption allows lenders to provide services when EU clients approach them independently, the report said. The rules take effect in January under the EU's CRD VI directive, restricting direct lending by non-EU banks without authorized branches or subsidiaries, it said. HSBC (HSBC), NatWest (NWG), Goldman Sachs (GS) and Lloyds Banking Group (LYG) also face the changes, Reuters said. Some lenders may need to expand their EU balance sheets by more than 10%, it added. The banks mentioned did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)