B of A Close to Record MBS Settlement With Investors

Bank of America is close to paying an $8.5 billion settlement to bondholders in legacy residential mortgage-backed securities inherited from subprime lender Countrywide Financial.

  • 29 Jun 2011
Bank of America is close to paying an $8.5 billion settlement to bondholders in legacy residential mortgage-backed securities inherited from subprime lender Countrywide Financial. The large sum would set a record payment, more than any previously made by a financial institution and greater than the bank’s total revenue ...

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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 %
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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%