Barclays May Sue Bear Stearns Over $400 Million Loss

  • 23 Jul 2007
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Barclays is considering suing to recover more than $400 million lost in a Bear Stearns hedge fund that placed big bets on subprime residential mortgage-backed securities, according to the Wall Street Journal. Barclays had been an investor in Bear Stearns Asset Management's High-Grade Structured Credit Strategies Enhanced Leverage Fund, which is now worth nothing. Barclays also extended one loan for $200 million that has since been paid back, and offered to extend another loan for $250 million, which was never extended. In addition to its option to force litigation, Barclays may negotiate a settlement with Bear.

Click here to read the story from The Wall Street Journal

  • 23 Jul 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%