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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%