European Bank Debt Dominates U.S. Money-Market Fund Assets
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European banks dominated a list of top issuers to U.S. prime money-market funds, accounting for 44 percent of assets, according to a report by Fitch Ratings.
Rabobank Group, based in Utrecht, Netherlands, was the biggest issuer, selling 3.4 percent of the funds’ assets as of the end of February, followed by Paris-based BNP Paribas SA at