Assured Sues Bank Over Securitizations

Assured Guaranty has filed suit against Flagstar Bancorp for allegedly violating warranties on home equity loan securitizations.

  • 08 Apr 2011
Assured Guaranty has filed suit against Flagstar Bancorp for allegedly violating warranties on home equity loan securitizations. Filed in U.S. District Court in Manhattan, the complaint by the bond is seeking more than $100 million in damages for the roughly $82.4 million in claims on securitizations with impaired ...

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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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%