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BofA BEATS OUT CHASE: Bank of America targets syndicated lending and narrowly wins first place...

By Bruno, Mark
Publication: US Banker
Date: Wednesday, November 1 2000

Bank of America Corp. is becoming an aggressive competitor in the loan syndication market and is giving the traditional pace-setter, Chase Manhattan Corp., a run for its money. BofA pulled off a coup in the third quarter when it narrowly edged out Chase as the leading manager of U.S. syndicated loans. BofA's total was $90.166 billion, a mere $34 million more than Chase's $90.132 billion.

Bank of America and Chase clearly dominate the loan syndication market. The two controlled more than 55% of the market in the year ended Sept. 30. Salomon Smith Barney, Citigroup's in

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