Citi Unloads $1.6 Bln in Credit Card Loans to GE

Citigroup has agreed to sell an estimated $1.6 billion of private-label credit card loans to GE Capital. Terms have not been disclosed.

  • 07 Oct 2010
Citigroup has agreed to sell an estimated $1.6 billion of private-label credit card loans to GE Capital. Terms have not been disclosed. Citi has been trying to unload the portfolio since early last year, after announcing its restructuring plans. The sale represents only 3% of the total $50 ...

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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 %
  • Last updated
  • Today
1 Citi 84,503.31 246 12.96%
2 Bank of America Merrill Lynch 71,587.85 220 10.98%
3 Wells Fargo Securities 65,360.43 206 10.03%
4 JPMorgan 46,548.88 148 7.14%
5 Credit Suisse 37,323.31 115 5.73%