Canadian Bank Cuts Rate, Says Subprime Problems Will Last

  • 04 Dec 2007
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The Bank of Canada cut its overnight interest rate by a quarter of a percentage point today while saying that it expects troubles related to the U.S. subprime mortgage market to last longer than expected, reports Reuters Canada. The bank’s move to cut the rate to 4.25% came against expectations. The bank did not give any indications as to whether it was leaning toward another rate cut in January. The Bank of Canada will meet again on Jan. 22.

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  • 04 Dec 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%