Merrill Downgrades UBS Over Possible CDO Losses

  • 01 Nov 2007
Analysts at Merrill Lynch have downgraded UBS from a “buy” to a “neutral” according to Reuters. Merrill made the move amid worries that UBS may write down as much as $8 billion on investments in mezzanine collateralized debt obligations. The Swiss bank took a $3.42 billion write-down on ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 14.60
2 Rabobank 13.70
3 Morgan Stanley 11.16
4 Barclays 8.55
5 Credit Agricole 7.20

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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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%