Fingerpointing Underway For Subprime Meltdown

  • 27 Jul 2007
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Market participants are trying to shift blame away from themselves as the subprime market continues to become unglued, reports BusinessWeek.com. Rating agencies, hedge funds, lenders and homeowners all deserve blame for the current market environment – yet nobody is being held accountable. In the end, accountability may come down to litigation. “Ultimately,” says attorney Jacob Zamansky, “Wall Street must be held responsible. It facilitates these loans.”

Click here to read the BusinessWeek.com story

  • 27 Jul 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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 74,831.87 212 13.30%
2 Bank of America Merrill Lynch 65,702.99 205 11.68%
3 Wells Fargo Securities 55,583.74 178 9.88%
4 JPMorgan 40,793.11 141 7.25%
5 Credit Suisse 30,239.23 97 5.38%