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 HSBC 5,126.88 21 7.07%
2 Barclays 4,135.60 21 5.70%
3 UniCredit 3,936.37 31 5.43%
4 LBBW 3,932.19 21 5.42%
5 Natixis 3,653.41 15 5.04%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 15,629.74 63 7.72%
2 JPMorgan 12,765.84 52 6.31%
3 Morgan Stanley 12,313.52 57 6.08%
4 Goldman Sachs 11,552.63 78 5.71%
5 BNP Paribas 10,522.53 32 5.20%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,526.69 43 10.95%
2 Citi 11,433.37 49 10.86%
3 Morgan Stanley 10,394.49 44 9.88%
4 Goldman Sachs 10,341.62 70 9.83%
5 Bank of America Merrill Lynch 9,431.14 33 8.96%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,255.83 11 7.44%
2 HSBC 3,089.99 10 7.06%
3 LBBW 3,017.42 12 6.90%
4 Barclays 2,870.45 11 6.56%
5 Credit Agricole CIB 2,847.49 11 6.51%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
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 UBS 2,550.05 5 24.58%
2 HSBC 984.09 6 9.49%
3 Deutsche Bank 695.24 5 6.70%
4 Santander 660.14 4 6.36%
5 Credit Suisse 618.23 4 5.96%