ECB looks to unlock capital block for Carige

It might be a new year but the same old problems are haunting the Italian banking sector. On Wednesday the European Central Bank took the unprecedented step of appointing administrators to run struggling Banca Carige. The supervisor hopes that the intervention will solve long-standing governance problems, but it may not be enough for the bank to pull off an equity raise and ensure its survival.

  • By Jasper Cox
  • 03 Jan 2019

After a majority of the Italian bank’s board resigned, the ECB this week appointed three temporary administrators “in order to stabilise its governance and pursue effective solutions for ensuring sustainable stability and compliance”.

The departures came after shareholders blocked a plan to raise fresh equity at a meeting ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,974.41 77 6.00%
2 HSBC 8,592.02 43 5.74%
3 LBBW 8,280.86 47 5.53%
4 Barclays 6,490.00 33 4.34%
5 Natixis 6,473.22 31 4.33%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 47,537.80 202 6.34%
2 Citi 45,475.14 237 6.06%
3 JPMorgan 42,292.41 216 5.64%
4 HSBC 31,044.82 190 4.14%
5 Morgan Stanley 30,866.06 178 4.11%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 38,841.52 165 11.80%
2 Citi 35,349.96 181 10.74%
3 JPMorgan 33,079.42 161 10.05%
4 Morgan Stanley 22,689.67 126 6.89%
5 Wells Fargo Securities 22,104.88 95 6.72%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,346.40 20 6.84%
2 LBBW 5,291.48 20 6.77%
3 HSBC 4,549.39 16 5.82%
4 Deutsche Bank 4,534.04 16 5.80%
5 Credit Agricole CIB 4,493.73 19 5.75%

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 Barclays 5,933.32 13 16.39%
2 UBS 3,578.43 14 9.89%
3 Credit Agricole CIB 3,549.81 11 9.81%
4 BNP Paribas 2,554.19 12 7.06%
5 HSBC 1,977.94 14 5.46%