Citibank Announces Heavy Write-Downs

  • 02 Oct 2007
Email a colleague
Request a PDF
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) 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%