Citi To Settle CDO Suit For $590 Mln

Citigroup has agreed to pay $590 million to settle charges that shareholders suffered billions of dollars in losses when it allegedly concealed exposure to collateralized debt obligations before the start of the financial crisis.

  • 29 Aug 2012

Citigroup has agreed to pay $590 million to settle charges that shareholders suffered billions of dollars in losses when it allegedly concealed exposure to collateralized debt obligations before the start of the financial crisis. The lawsuit claimed Citi did not take timely write-downs on the CDOs.

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%