JPMorgan Tops Banks for Third Year as Loans Retreat: Commodities
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JPMorgan Chase & Co. led lending to commodities companies for a third consecutive year even as global financing to the industry fell to the lowest since 2010.
The biggest U.S. bank by assets arranged $44.1 billion of loans, giving the New York-based company a 7.8 percent market share, according to data compiled by Bloomberg. Bank of America Corp. and Citigroup Inc. came next. Three Canadian banks were in the top 10, from one a year ago, as European lenders retreated.