BofA Beating JPMorgan After French Lenders Retreat

BofA Beating JPMorgan After French Lenders Retreat

David Paul Morris/Bloomberg

European banks are borrowing for three to five years at an average of 200 to 300 basis points over Euribor, the rate at which banks say they see each other lending in euros, said Shaun Dreyer, the head of Bank of America’s EMEA syndicated loan capital markets in London.