“Pricing is extremely tight, but banks are still awash in deposits, so they’re issuing mostly to diversify funding sources and to lock in the low interest rate.”

—Michael Dean, managing director covering ABS at Fitch Ratings, explaining that he isn’t expecting any drastic changes in credit card ABS issuance despite excitement from some corners of the market that banks are finding increased value there.

  • 05 Oct 2012
“Pricing is extremely tight, but banks are still awash in deposits, so they’re issuing mostly to diversify funding sources and to lock in the low interest rate.”—Michael Dean, managing director covering ABS at Fitch Ratings, explaining that he isn’t expecting any drastic changes in credit card ABS issuance ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%