J.P. Morgan Chase & Co., Bank of America Corp. and Citigroup Inc. led banks that arranged a record $1.3 trillion of U.S. syndicated loans in 2004 as merger activity and lowered costs fueled borrowing activity, Loan Pricing Corp. said.
Lending rose by roughly half from a year earlier, ending a three-year decline, according to data from LPC, a unit of Reuters Group Plc.
Investment-grade lending rose 46 percent from 2003 to $612 billion but fell short of 2001′s record $690 billion, LPC said.
For this complete story, please visit JP Morgan, Bank of America Lead U.S. Bank Lenders.
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