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
  • 29 Nov 2016
1 UBS 12,062.01 77 5.88%
2 HSBC 11,342.38 64 5.53%
3 BNP Paribas 10,550.01 50 5.15%
4 Credit Agricole CIB 9,998.56 48 4.88%
5 Commerzbank Group 9,638.54 59 4.70%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Nov 2016
1 JPMorgan 89,813.16 398 6.76%
2 Citi 81,028.72 480 6.10%
3 Morgan Stanley 77,852.19 340 5.86%
4 Goldman Sachs 76,046.57 396 5.72%
5 Bank of America Merrill Lynch 73,177.81 359 5.51%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 70,521.42 284 10.61%
2 Citi 65,631.80 376 9.88%
3 Bank of America Merrill Lynch 61,658.19 304 9.28%
4 Morgan Stanley 55,604.03 259 8.37%
5 Goldman Sachs 51,285.24 305 7.72%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 Credit Agricole CIB 8,361.81 30 8.01%
2 BNP Paribas 7,357.30 28 7.04%
3 UBS 6,976.66 25 6.68%
4 UniCredit 6,176.37 25 5.91%
5 LBBW 5,995.79 23 5.74%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 HSBC 7,856.87 22 10.67%
2 UBS 6,893.97 28 9.36%
3 BNP Paribas 6,662.83 23 9.05%
4 Barclays 5,547.64 17 7.53%
5 Citi 4,814.05 25 6.54%