USA Today reported borrowing by U.S. corporations is in full swing.
According to the report, JPMorgan Chase and Bank of America Merrill Lynch were big players in syndicated loans to U.S. corporations this year.
USA Today reported year-to-date syndicated loan volume has increased 56% compared to 2010, according to Dealogic. The total of $1.76 trillion is the highest single-year sum since the pre-financial crisis days of 2007. This came even though fourth-quarter activity saw a significant drop — the $354.5 billion total was the lowest in more than a year, since the $246.6 billion in the third quarter of 2010, Dealogic said.
The report also states the U.S. was the biggest player in the space, with 47% of the total global loan volume, up 9% over 2010.