CFPB turmoil could unravel Cordray-era protections

The leadership tussle at the Consumer Financial Protection Bureau (CFPB) threatens to muzzle the watchdog or even have it put down. Many in the securitization industry would welcome that, but this newspaper is not so keen to bid farewell to Main Street's best friend just yet.

  • By Sasha Padbidri
  • 28 Nov 2017
The resignation of former CFPB head Richard Cordray on Friday sparked a power struggle between Cordray's appointed successor Leandra English, and US president Donald Trump's appointee and acting director Mick Mulvaney, who is expected to bring a “more serious and professional approach” to running the bureau, according to ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 23,299.13 64 12.42%
2 Bank of America Merrill Lynch 21,899.30 57 11.68%
3 Wells Fargo Securities 16,244.58 49 8.66%
4 JPMorgan 13,323.94 44 7.10%
5 Credit Suisse 10,691.12 19 5.70%