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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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 70,341.11 234 10.46%
2 JPMorgan 64,579.62 197 9.60%
3 Bank of America Merrill Lynch 51,474.08 169 7.65%
4 Wells Fargo Securities 51,322.59 157 7.63%
5 Credit Suisse 47,533.25 150 7.07%