Revised FASB Rule Could Undermine Toxic-Asset Plan

Revisions to the Financial Accounting Standards Board’s mark-to-market rule could undermine Treasury’s plan to help banks shed their toxic assets.

  • 01 Apr 2009
Revisions to the Financial Accounting Standards Board’s mark-to-market rule could undermine Treasury’s plan to help banks shed their toxic assets. Under the proposed revisions, banks would be freer to value their troubled mortgages, corporate loans and other securities, and that could make it more attractive for the keep ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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1 Citi 83,931.01 244 12.94%
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3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
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