Goldman loses Novo Banco court claim

On Wednesday the UK’s final court of appeal rejected Goldman Sachs’s attempt to recover money lost on a loan to Banco Espírito Santo through the British courts. The judge said the EU’s framework for dealing with failing banks might be undermined if the actions of resolution authorities could be challenged outside of their home country.

  • By Jasper Cox
  • 05 Jul 2018

The decision relates to a facility agreement between Portuguese bank BES and an entity called Oak Finance Luxembourg, which was set up as a special purpose vehicle by Goldman Sachs.

After an original decision to transfer the liability to Novo Banco, the bridge bank created to take on ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,646.84 53 5.52%
2 UniCredit 9,032.72 58 5.17%
3 LBBW 8,460.29 51 4.84%
4 Natixis 8,380.29 41 4.79%
5 Commerzbank Group 7,808.11 45 4.47%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 54,138.28 200 6.36%
2 JPMorgan 52,700.20 217 6.19%
3 Citi 49,371.11 257 5.80%
4 Goldman Sachs 47,685.69 398 5.60%
5 Morgan Stanley 45,485.97 244 5.34%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 44,405.37 166 10.90%
2 JPMorgan 43,387.18 154 10.65%
3 Citi 40,278.63 202 9.89%
4 Goldman Sachs 38,033.04 355 9.34%
5 Morgan Stanley 34,608.53 187 8.50%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,511.67 24 7.33%
2 UniCredit 5,302.66 21 5.97%
3 Deutsche Bank 5,002.94 16 5.64%
4 LBBW 4,811.97 20 5.42%
5 Commerzbank Group 4,809.31 18 5.42%

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 HSBC 4,729.28 11 11.92%
2 UBS 3,374.07 13 8.50%
3 BNP Paribas 2,704.23 11 6.81%
4 Credit Agricole CIB 2,458.47 6 6.20%
5 Credit Suisse 2,352.50 10 5.93%