BofA, JPM Said To Shrink Mortgage-Trading Units

Bank of America and JPMorgan Chase are said to be shrinking their mortgage-trading staffs amid a decline in the market for securitized products.

  • 21 Mar 2012

Bank of America and JPMorgan Chase are said to be shrinking their mortgage-trading staffs amid a decline in the market for securitized products.



Sources said that in the past month Raphael Gonzalez has quit as co-head of trading in subprime mortgages at JPM as has John Angelica, who sold ...

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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 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.01%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%