Trading On Ginnies Unaffected From DoJ’s DB Case

The U.S. Department of Justice’s recent lawsuit against Deutsche Bank has had no effect on trading of secondary Ginnie Mae residential mortgage securitization bonds, according to an agency bond trader.

  • 04 May 2011

-- Daniel O’Leary

The U.S. Department of Justice’s recent lawsuit against Deutsche Bank has had no effect on trading of secondary Ginnie Mae residential mortgage securitization bonds, according to an agency bond trader.

Ginnies are mostly bought and held on bank and central bank balance sheets, with active trading ...

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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 %
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1 Citi 81,747.75 235 12.94%
2 Bank of America Merrill Lynch 70,673.72 216 11.18%
3 Wells Fargo Securities 62,362.66 195 9.87%
4 JPMorgan 45,920.23 145 7.27%
5 Credit Suisse 36,830.60 112 5.83%