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Hourican proud of GBM despite fourth quarter loss

There was a time when the market volatility of late 2011 might have been a red rag to the RBS bull. But not anymore. According to John Hourican, CEO of the firm’s global banking and markets (GBM) division, running the risk of blow-ups is not an option.

  • 24 Feb 2012
"We were very cautious with the use of our balance sheet in the intensely volatile market conditions we saw in the third quarter in particular," Hourican told EuroWeek after the bank announced its annual results on Thursday. "My message to our traders was ‘protect our capital’ and that ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Natixis 9,907.30 37 7.74%
2 UniCredit 9,066.47 60 7.08%
3 BNP Paribas 8,377.17 32 6.54%
4 UBS 7,489.08 42 5.85%
5 Barclays 6,139.46 23 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2014
1 JPMorgan 63,850.48 242 7.39%
2 Bank of America Merrill Lynch 63,554.64 226 7.35%
3 Goldman Sachs 61,392.97 252 7.10%
4 Deutsche Bank 55,339.92 192 6.40%
5 Morgan Stanley 50,534.68 263 5.85%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Citi 483.40 2 22.09%
2 Westpac 254.80 1 11.64%
2 JPMorgan 254.80 1 11.64%
2 HSBC 254.80 1 11.64%
2 Bank of America Merrill Lynch 254.80 1 11.64%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Deutsche Bank 21,118.76 59 8.22%
2 Goldman Sachs 17,448.45 52 6.80%
3 BNP Paribas 16,487.28 44 6.42%
4 Barclays 16,221.71 58 6.32%
5 Bank of America Merrill Lynch 14,216.02 38 5.54%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 BNP Paribas 6,943.48 22 9.06%
2 Natixis 6,420.33 21 8.37%
3 UniCredit 4,995.61 18 6.52%
4 Barclays 4,897.53 15 6.39%
5 Commerzbank Group 4,070.18 14 5.31%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2014
1 JPMorgan 843.74 894 8.76%
2 Bank of America Merrill Lynch 641.69 828 6.66%
3 Goldman Sachs 639.01 674 6.64%
4 Citi 581.96 817 6.04%
5 Deutsche Bank 577.46 808 6.00%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Deutsche Bank 6,545.83 18 9.76%
2 HSBC 5,264.71 15 7.85%
3 UBS 5,026.99 15 7.50%
4 Bank of America Merrill Lynch 4,294.11 15 6.40%
5 BNP Paribas 3,745.87 13 5.59%
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