BofA seeks to improve share of European leveraged finance business

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC) has a market-leading position in U.S. leveraged finance, but not so in Europe, and senior bankers say the bank is set to commit more capital and staff to change that. It's the only lender to have had a hand in the three largest European M&A deals this year - Virgin Media, DE Masters Blenders, and Ista - and the bank has risen from 13th in the ranking to 4th so far in 2013.

Barclays (BCS) last week indicated its ambition to move up from its current 11th place in the rankings.