Commerzbank Subprime Losses May Exceed Expectations

  • 21 Sep 2007
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Commerzbank may face greater than expected losses on investments in the U.S. subprime mortgage market, reports Reuters UK. The bank had previously set aside €80 million ($111 million) to cover subprime losses but that may not be enough. “Since that estimate was announced the situation has become more critical,” said a source, adding that the bank now faced having to make a higher charge. “There is no market at the moment - it could go in any direction.” Another source said that the company could face a loss of €500 million ($703.36 million) but that it was impossible to tell at this point. A spokesperson for the bank said that it hasn’t changed its loss estimate but that it may do so in the future.

Click here to read the story from Reuters UK

  • 21 Sep 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%