Editing Syndicate (section)

==Finance syndicates==
In finance, a bank (or credit union) syndicate, often referred to simply as a syndicate, is a group of banks (or credit unions) traditionally lending a usually large amount of money for a specific purpose and to one single borrower. [[Syndicated loan]]s are loans underwritten by a bank syndicate and are more common in the US, where financial markets are in corporate ownership rather than private equity markets as in Europe or South America.  Syndicates have a lead lender that originates the loan and subordinated lenders that participate in the loan.  Servicing, Collections, etc. are generally handled by the lead lender.