Banks Must Pay For RMBS Losses, Says Ambac

Ambac Assurance says banks must pay for some of the losses it incurred from poor performing residential mortgage-backed securities.

  • 19 Nov 2010
Ambac Assurance says banks must pay for some of the losses it incurred from poor performing residential mortgage-backed securities. Ambac, whose parent filed for bankruptcy earlier this month, say it is reviewing RMBS issued by Countrywide, affiliates of Citigroup and others, billions of dollars of which have turned ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%