Canadian Bank Cuts Rate, Says Subprime Problems Will Last

  • 04 Dec 2007
Email a colleague
Request a PDF

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.

Click here to read the story from Reuters Canada

  • 04 Dec 2007

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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%