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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%