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 Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jan 2017
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%