Second-Lien RMBS Send Ambac To Deeper Loss

Ambac Financial Group’s first quarter loss was about 75% deeper than a year ago, thanks in part to write-downs in second-lien residential mortgage-backed securities and a change in certain accounting standards the company has adopted.

  • 18 May 2010
Ambac Financial Group’s first quarter loss was about 75% deeper than a year ago, thanks in part to write-downs in second-lien residential mortgage-backed securities and a change in certain accounting standards the company has adopted. The bond issurer posted a net loss of $690.1 million for the quarter, ...

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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

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1 Citi 82,050.07 237 12.94%
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4 JPMorgan 45,920.23 145 7.24%
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