Loan Losses Prompt GMAC Job Cuts Loan

GMAC says it plans to eliminate 554 jobs and shut three offices after it is expected to report more than $10 billion in losses from mortgage defaults at its Residential Capital unit.

  • 04 Feb 2010
GMAC says it plans to eliminate 554 jobs and shut three offices after it is expected to report more than $10 billion in losses from mortgage defaults at its Residential Capital unit. Some 313 positions will be cut from ResCap offices in Costs Mesa, Calif. and Charlotte, N.C., ...

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%