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 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 105,474.10 301 10.96%
2 Bank of America Merrill Lynch 86,762.28 250 9.02%
3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%