MMFs increase eurozone exposure but banks may lose out

Money market funds borrowing and lending in the eurozone has increased, but bankers expect the corporate and public sectors to start stealing the influx.

  • By Kathleen Gallagher
  • 08 Nov 2013

US MMFs' exposure to European banks increased by 28% in the third quarter, according to Moody’s, but bankers expect that the funds may find new homes as banks are downgraded. Corporate and sovereign issuance is expected to increase.

Money market funds will come under pressure to find alternatives ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 13,917.19 76 5.55%
2 UniCredit 12,799.14 93 5.10%
3 Natixis 11,641.40 66 4.64%
4 UBS 11,388.66 61 4.54%
5 LBBW 11,285.83 74 4.50%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 86,827.48 359 6.20%
2 Citi 78,755.88 421 5.63%
3 Bank of America Merrill Lynch 78,210.89 323 5.59%
4 Goldman Sachs 72,611.70 632 5.19%
5 HSBC 71,410.81 338 5.10%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 70,442.78 250 11.08%
2 Bank of America Merrill Lynch 64,846.97 270 10.20%
3 Citi 61,573.62 319 9.68%
4 Morgan Stanley 54,569.85 313 8.58%
5 Goldman Sachs 54,297.35 561 8.54%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 8,357.33 33 7.02%
2 Commerzbank Group 6,550.39 26 5.51%
3 Deutsche Bank 6,535.71 22 5.49%
4 UniCredit 6,513.66 27 5.47%
5 LBBW 6,441.23 28 5.41%

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 7,765.93 22 11.95%
2 BNP Paribas 5,338.58 23 8.22%
3 Barclays 5,124.61 20 7.89%
4 Credit Suisse 4,520.44 16 6.96%
5 UBS 3,976.00 19 6.12%