Northern Rock gets rid of Granite first loss

  • 07 Oct 2005

Northern Rock will begin marketing a groundbreaking transaction, Whinstone Capital Management Ltd, next week.

The synthetic deal, arranged by Barclays Capital and Lehman Brothers, will transfer most of the credit risk of the seller's share it retains in its standalone MBS and in Granite Finance ...

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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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3 Wells Fargo Securities 64,351.96 203 9.92%
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5 Credit Suisse 37,323.31 115 5.75%