SEC Checking Street Books

  • 10 Aug 2007
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Regulators from the Securities and Exchange Commission are checking to make sure that Wall Street brokerage firms and banks aren’t hiding subprime losses, reports The Wall Street Journal. The SEC is looking into whether Wall Street brokers are using consistent methods to calculate the value of subprime mortgages in their inventory. Checks are expected take place at the top five Wall Street firms and at the securities units of the major commercial banks. David Trone, an analyst at Fox-Pitt, Kelton, said some firms “don’t come clean” about losses during earnings season. “You don’t know when people take losses, it’s buried,” said Trone.

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  • 10 Aug 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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%