In this file picture taken on April 9, 2021, "Rooftop Republic" urban farmers harvest vegetables grown on a rooftop farm at the top of the 150-metre tall Bank of America tower in Hong Kong.
NEW YORK: Bank of America Corp is catching up to its biggest rival, JPMorgan Chase & Co, in investment banking in Asia-Pacific as a three-year rebuild of the business with a focus on winning big deals starts paying off.
The Charlotte, North Carolina-based bank has closed a “significant gap” to the third-ranked JPMorgan in fees generated in Asia Pacific, placing right behind it, Peter Guenthardt, the firm’s co-head of investment banking in the region, said in an interview.
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