Citibank Announces Heavy Write-Downs

  • 02 Oct 2007
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Citibank announced a third-quarter pre-tax loss of approximately $1.3 billion on the value of warehoused sub-prime mortgage-backed securities, collateralized debt obligation positions and warehoused leveraged loan obligations yesterday. The bank also announced a pre-tax loss of approximately $600 million in fixed income credit trading. “Despite unusually poor results in certain businesses this quarter, Citi continues to execute its growth strategy and generate momentum across many of its franchises,” said Charles Prince, chairman and ceo, in a news statement. Citibank also said it believes overall net income will be down about 60% from the year ago period when complete third quarter results are announced on October 15.
  • 02 Oct 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
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%