Fourth Quarter Write-downs May Hit JPMorgan

  • 13 Nov 2007
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JPMorgan may make write-downs on its portfolio of collateralized debt obligations, subprime mortgages and leveraged loans in the fourth quarter, reports Reuters. The bank has exposure of about $50 billion to the three investment categories. The bank had $40.6 billion in held-for-sale leveraged lending commitments at the end of September. JPMorgan also has approximately $6.8 billion in CDO exposure and about $2.6 billion in exposure to the subprime mortgage market. The bank had $1.3 billion in write-downs on its leveraged loan portfolio in the third-quarter.

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  • 13 Nov 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

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%