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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%