I would be curious to know if you have any ideas about why this convention doesn't hold in Europe? Is it less important to signal quality by working with a top

I would be curious to know if you have any ideas about why this convention doesn't hold in Europe? Is it less important to signal quality by working with a top bank? Are regulations different? As a finance outsider, it seems that European banks would be playing a very similar role to their American counterparts and financing a comparable range of companies. The difference in the spread is quite striking.