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Spain ‘bad bank’ in question as analysts doubt firepower

Spain’s ability to step in if its banks need help came under analyst scrutiny this week, as worsening economic conditions intensified the market focus on the country’s lenders.

  • 04 May 2012
Among a volley of bad news at the end of April — Spain’s unemployment hit 24.4%, GDP declined for the second consecutive quarter, and Standard & Poor’s downgraded 11 of the country’s banks — talk redoubled on the potential creation of a bad bank to take problem assets ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Barclays 2,221.48 9 10.19%
2 Commerzbank Group 1,949.79 9 8.94%
3 Natixis 1,705.53 9 7.82%
4 BNP Paribas 1,314.67 6 6.03%
5 HSBC 1,124.07 4 5.16%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 JPMorgan 9,602.38 20 0.00%
2 Goldman Sachs 6,288.30 20 0.00%
3 Credit Agricole CIB 5,616.74 13 0.00%
4 Citi 5,074.12 23 0.00%
5 Deutsche Bank 4,268.16 18 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Citi 1,499.34 5 10.74%
2 RBC Capital Markets 1,206.44 4 8.64%
3 TD Securities Inc 977.84 3 7.00%
4 HSBC 673.33 3 4.82%
4 Bank of America Merrill Lynch 673.33 3 4.82%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Goldman Sachs 6,244.99 12 13.72%
2 Credit Agricole CIB 5,277.53 9 11.59%
3 Deutsche Bank 3,256.30 9 7.15%
4 SG Corporate & Investment Banking 3,065.13 6 6.73%
5 BNP Paribas 2,683.59 4 5.90%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 BNP Paribas 1,255.52 5 9.69%
2 Natixis 1,179.60 5 9.10%
3 Commerzbank Group 1,165.73 4 8.99%
4 Barclays 954.90 3 7.37%
5 HSBC 870.95 3 6.72%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 JPMorgan 56.40 54 7.81%
2 Barclays 44.41 61 6.15%
3 Deutsche Bank 42.65 62 5.90%
4 Citi 41.83 48 5.79%
5 Goldman Sachs 40.33 44 5.58%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Credit Agricole CIB 999.76 1 39.99%
2 Rabobank 375.00 1 15.00%
2 Morgan Stanley 375.00 1 15.00%
2 JPMorgan 375.00 1 15.00%
2 Credit Suisse 375.00 1 15.00%