As Deutsche commences equities cuts, fixed income reshuffle in the cards

Layoffs began at Deutsche Bank in New York on Monday morning, following the German bank's announcement that it will exit the equities business and rejig fixed income operations globally, including in securitization.

  • By Jennifer Kang
  • 08 Jul 2019
Sources confirmed that layoffs began in New York on Monday, on top of those that had already taken place in London and Asia. On top of eliminating its equity sales and trading business, the bank will be resizing its fixed income business, which includes “all securities-structuring businesses" globally including ABS, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 59,774.40 197 10.64%
2 JPMorgan 52,017.12 155 9.26%
3 Wells Fargo Securities 42,153.78 123 7.51%
4 Bank of America Merrill Lynch 41,657.82 137 7.42%
5 Credit Suisse 38,415.30 121 6.84%