Can. Rescue Plan May Hurt Bank Profits

Analysts say the Canadian government’s program to help banks securitize mortgages may have the unintended side effects of hurting the profits of the institutions that received aid.

  • 07 Jul 2009
Analysts say the Canadian government’s program to help banks securitize mortgages may have the unintended side effects of hurting the profits of the institutions that received aid. According to analysts, the Insured Mortgage Purchase Program was so well accepted that banks may have been too enthusiastic to get ...

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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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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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%