CSFB Reportedly Hit With MBS Losses

Credit Suisse First Boston is investigating a loss of at least $40 million in its mortgage-backed securities book, according to officials at rival firms.

  • 17 Mar 2004
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Credit Suisse First Boston is investigating a loss of at least $40 million in its mortgage-backed securities book, according to officials at rival firms. A CSFB official says firm management is currently in discussions with at least one mortgage-backed trader, Mike Flannelly, a whole loan trader, concerning the losses. CSFB is conducting a forensic check on recent MBS activities. Flannelly did not return calls. The CSFB official says Flannelly remains an employee of the firm but has been moved off the MBS trading desk.

Andy Kimura, co-head of the structured products group, declined to comment on an employee matter. John Gallagher, a spokesman, also declined to comment.

  • 17 Mar 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%