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Bank of America Merrill Lynch has made strong progress in the smaller corporate market. The bank serves one in three companies operating in the US – that is 46,000 small to medium-sized enterprises – and wins Euromoney’s award for North America’s best bank for SMEs.
Pam Cook heads business banking credit. She says that SMEs in the US are increasingly doing business abroad and that is where BAML outpaces its regional competitors. “It is a highly competitive market in terms of offering credit to small firms,” she says.
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