DOJ Said To Prep Civil Charges Against Banks Over MBS

The U.S. Department of Justice is said to be preparing to file civil charges against Citigroup and Bank of America’s Merrill Lynch unit over their sale of mortgage-backed securities before the start of the financial crisis in 2008.

  • 18 Dec 2013
The U.S. Department of Justice is said to be preparing to file civil charges against Citigroup and Bank of America’s Merrill Lynch unit over their sale of mortgage-backed securities before the start of the financial crisis in 2008.
Click here to read the story from Reuters.
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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%