LIBOR Litigation Could Pose Rating Risks

Regulatory fines against banks for allegedly manipulating the London Interbank Offered Rate would likely be absorbed by the affected institutions, but losses from costly litigation could have negative implications for their ratings, according to Moody’s Investors Service.

  • 13 Nov 2012

Regulatory fines against banks for allegedly manipulating the London Interbank Offered Rate would likely be absorbed by the affected institutions, but losses from costly litigation could have negative implications for their ratings, according to Moody’s Investors Service.

Click here to read the release from Moody’s.

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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

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1 Citi 81,261.11 236 11.54%
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4 JPMorgan 53,570.42 158 7.61%
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