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.

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  • 21 Sep 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%