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 Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%