And loan syndication is not rising.

That could turn it into the largest corporate loan syndication ever in the country, Mr. Crotty said.

In its corporate finance business, revenue was flat from a year ago, as underwriting and lending declined but advisory and loan syndication increased.

Before they merged in 1991, Chemical and Manufacturers Hanover were both masters of loan syndication.

Mr. Harrison chose him to work in a start-up business, loan syndication.

The Bank of China also was active in international financial markets through such activities as loan syndication and issuing of foreign bonds.

Two American banks have arranged loan syndications for Chinese borrowers that are expected to be signed this month.

Credit risk focuses around capital markets activities, such as loan syndication, bond issuance, restructuring, and leveraged finance.

The bank also purchases residential whole loans and is an active participant in corporate loan syndications.

Complicating sales of foreclosed properties, particularly when they involve large losses, is the kind of international loan syndication adopted in the 1980's.