BoA re-aligns loan assignment fee structure
The changes bring the bank in line with other major banks in waiving certain fees
Bank of America, one of the largest players in the new-issue and secondary loan trading market, has changed its practice with regard to loan assignment fees. Effective January 31, assignment fees for all lenders and other agents trading a Bank of America syndicated loan are waived, provided similar fees are waived by those agents for the benefit of Bank of America.
Under the previous fee structure
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