Citi To Settle CDO Suit For $590 Mln

Citigroup has agreed to pay $590 million to settle charges that shareholders suffered billions of dollars in losses when it allegedly concealed exposure to collateralized debt obligations before the start of the financial crisis.

  • 29 Aug 2012

Citigroup has agreed to pay $590 million to settle charges that shareholders suffered billions of dollars in losses when it allegedly concealed exposure to collateralized debt obligations before the start of the financial crisis. The lawsuit claimed Citi did not take timely write-downs on the CDOs.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,505.59 4 23.86%
2 SG Corporate & Investment Banking 1,292.64 1 20.48%
2 Rabobank 1,292.64 1 20.48%
4 BNP Paribas 598.25 2 9.48%
5 TD Securities Inc 241.54 1 3.83%