Opting-Out Investors Sue BoA

Investors in Countrywide Financial that opted out of a $624 settlement last year over losses from sour mortgages have sued Bank of America, the lender’s current owner, charging securities fraud.

  • 01 Aug 2011
Investors in Countrywide Financial that opted out of a $624 settlement last year over losses from sour mortgages have sued Bank of America, the lender’s current owner, charging securities fraud. Among the plaintiffs in the lawsuit, which was filed in U.S. District Court in Los Angeles, are BlackRock, ...

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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 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 70,706.73 201 11.50%
2 Bank of America Merrill Lynch 60,472.76 166 9.84%
3 JPMorgan 48,700.30 139 7.92%
4 Wells Fargo Securities 48,082.68 138 7.82%
5 Credit Suisse 38,376.65 95 6.24%