WMC Mortgage Lays Off 440, Dismantling Rumors Swirl

Approximately 440 WMC Mortgage employees have been let go this week and market chatter suggests the subprime lender’s platform will now be dismantled instead of sold.

  • 01 Nov 2007

--Cathy Cunningham

Approximately 440 WMC Mortgage employees have been let go this week and market chatter suggests the subprime lender’s platform will now be dismantled instead of sold. Officials at parent company General Electric, however, say the sale of WMC will still go ahead.

The troubled lender announced ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%