A year on from the Banco Popular resolution: the big questions

On the anniversary of the resolution of Banco Popular, GlobalCapital takes a look at the issues raised by this important first test of the EU's Bank Recovery and Resolution Directive (BRRD).

  • By Tyler Davies
  • 07 Jun 2018

On June 7, 2017, the European Central Bank told the Single Resolution Board that Banco Popular was “failing or likely to fail”, after the bank had suffered heavy outflows of deposits in the preceding days and weeks.

The SRB and the Spanish national resolution authority (FROB) then quickly put the ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,193.67 66 6.33%
2 HSBC 7,294.00 37 5.64%
3 LBBW 7,113.47 40 5.50%
4 Natixis 5,933.30 28 4.59%
5 Barclays 5,557.78 30 4.30%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,680.75 203 6.73%
2 Bank of America Merrill Lynch 40,562.85 159 6.55%
3 JPMorgan 36,060.66 173 5.83%
4 Morgan Stanley 27,211.37 152 4.40%
5 HSBC 26,976.28 152 4.36%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 33,706.12 132 12.03%
2 Citi 32,800.44 157 11.71%
3 JPMorgan 29,132.92 134 10.40%
4 Morgan Stanley 19,896.07 106 7.10%
5 Goldman Sachs 17,708.90 174 6.32%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 4,918.89 18 7.00%
2 LBBW 4,741.33 18 6.74%
3 Credit Agricole CIB 4,174.25 17 5.94%
4 UniCredit 4,163.16 19 5.92%
5 HSBC 3,974.99 14 5.65%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 3,549.81 11 11.48%
2 UBS 3,334.58 12 10.78%
3 Barclays 3,229.69 10 10.44%
4 BNP Paribas 2,554.19 12 8.26%
5 HSBC 1,877.94 13 6.07%