OCC Forces Banks To Write Down Home Equity Loans

Guidance on how banks should account for troubled debt restructurings from the Office of the Comptroller of the Currency forced JPMorgan Chase to write off $825 million in home equity loans and Wells Fargo to charge off an additional $567 million in the third quarter.

  • 12 Oct 2012
Guidance on how banks should account for troubled debt restructurings from the Office of the Comptroller of the Currency forced JPMorgan Chase to write off $825 million in home equity loans and Wells Fargo to charge off an additional $567 million in the third quarter.Wells Fargo said ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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1 Citi 40,734.72 129 10.87%
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3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%