B of A Eyes $3Bln In Cuts

Bank of America is looking to reduce its annual expenses by an additional $3 billion on top of the $5 billion in cuts it has already targeted, according to CEO Brian Moynihan.

  • 24 Jan 2012

Bank of America is looking to reduce its annual expenses by an additional $3 billion on top of the $5 billion in cuts it has already targeted, according to CEO Brian Moynihan. The bank has already announced a staff reduction of 30,000 as part of its money-saving strategy.

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GlobalCapital European securitization league table

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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 40,734.72 129 11.08%
2 JPMorgan 33,238.00 94 9.04%
3 Wells Fargo Securities 31,218.81 89 8.49%
4 Bank of America Merrill Lynch 28,936.60 91 7.87%
5 Credit Suisse 23,189.41 72 6.31%