Merger In Trouble Following Subprime Losses

  • 08 Aug 2007
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MGIC Investment and Radian Group may fail to merge following losses in a jointly owned subprime-mortgage venture, reports The Wall Street Journal. Each company owns 46% of Credit-Based Asset Servicing & Securitization, or C-Bass, which has suffered losses recently following disruptions in the market. MGIC had agreed to purchase Radian in February for $4.9 billion but said it doesn’t have to complete the deal following troubles at C-Bass. Radian disagreed with MGIC’s view of the situation. “We remain committed to the transaction, and look forward to completing it as promptly as possible,” it stated.

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  • 08 Aug 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 24.70
2 Rabobank 23.18
3 Morgan Stanley 11.45
4 Credit Agricole 8.72
5 BNP Paribas 7.31

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 Bank of America Merrill Lynch 8,769.59 26 12.43%
2 Wells Fargo Securities 8,159.79 28 11.56%
3 Citi 5,573.44 23 7.90%
4 JPMorgan 4,735.14 16 6.71%
5 Morgan Stanley 3,725.45 12 5.28%