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) 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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
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%