Tougher Tests Would Have Failed More Banks

Citigroup said 24 European banks would have failed the recent stress tests—more than three times the seven that actually did—had it included losses on sovereign bonds held on their books.

  • 30 Jul 2010

Citigroup said 24 European banks would have failed the recent stress tests—more than three times the seven that actually did—had it included losses on sovereign bonds held on their books. Citi analysts applied the additional scenario based on a breakdown of government-debt holdings from 85 banks.

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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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1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%