CIT Bonds Pummeled As Bankruptcy Speculation Mounts

Middle-market lender CIT Group’s bonds plunged as much as 25 points in heavy trading Monday as speculation about a possible bankruptcy filing gained traction over the weekend.

  • 13 Jul 2009

--Leela Parker

Middle-market lender CIT Group’s bonds plunged as much as 25 points in heavy trading Monday as speculation about a possible bankruptcy filing gained traction over the weekend. Bankruptcy fears were sparked Friday when CIT confirmed the Federal Deposit Insurance Corporation has yet to approve its application for ...

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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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 99,251.11 279 13.17%
2 Bank of America Merrill Lynch 90,895.27 265 12.06%
3 Wells Fargo Securities 72,661.39 222 9.64%
4 JPMorgan 52,367.24 169 6.95%
5 Credit Suisse 41,885.89 127 5.56%