Boston FHLB Sues Citi, BoA Over MBS

The Federal Home Loan Bank of Boston has filed suit against Citigroup and Bank of America for alleged misstatements and omissions related to mortgage-backed securities.

  • 06 May 2011

The Federal Home Loan Bank of Boston has filed suit against Citigroup and Bank of America for alleged misstatements and omissions related to mortgage-backed securities. In addition, Citi said it has been sued by several insurance companies for losses they sustained during the financial crisis related to MBS.

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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

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Rank Lead Manager Amount $m No of issues Share %
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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%