US student loans — a ball and chain, not a time bomb

The US student loan market is in bubble territory. At $1.3tr, it is the country's second largest consumer debt segment after residential mortgages. Yet, even though 44m Americans are saddled with student debt, at an average of around $37,000 per borrower, student loans are more a drag on economic growth than a disaster waiting to happen.

  • By Max Adams
  • 03 Aug 2017

Commentators often shout about how US student loans will be the next bubble to burst, blaming poor job opportunities and historically low wages for new graduates despite their unprecedented levels of higher education. The mortgage crisis is a common comparison, though not wholly apt.

Because so many ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Aug 2017
1 Citi 277,535.88 1017 9.04%
2 JPMorgan 248,534.46 1144 8.10%
3 Bank of America Merrill Lynch 241,815.62 851 7.88%
4 Goldman Sachs 183,141.94 602 5.97%
5 Barclays 180,728.08 692 5.89%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Aug 2017
1 HSBC 28,409.71 115 7.09%
2 Deutsche Bank 26,802.83 89 6.68%
3 Bank of America Merrill Lynch 24,896.88 69 6.21%
4 BNP Paribas 21,168.42 119 5.28%
5 Credit Agricole CIB 19,323.66 110 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Aug 2017
1 JPMorgan 13,671.74 61 7.88%
2 Citi 12,076.06 76 6.96%
3 Morgan Stanley 11,895.38 66 6.86%
4 UBS 11,800.30 47 6.80%
5 Goldman Sachs 11,107.46 58 6.40%