E.U. LIBOR Probes Slower Than In U.S.

The European Union’s investigations into banks’ role in the manipulation of the London Interbank Offered Rate will likely take longer than those in the U.S., as the U.S. is able to settle cases with individual companies while Europe must strike a single deal with all banks at once, according to Joaquin Almunia, the E.U.’s commissioner for competition.

  • 08 Mar 2013
The European Union’s investigations into banks’ role in the manipulation of the London Interbank Offered Rate will likely take longer than those in the U.S., as the U.S. is able to settle cases with individual companies while Europe must strike a single deal with all banks at once, ...

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%