Citi Economist: Downgrade Could Prompt QE3

If U.S. sovereign debt receives a rating downgrade—a move Standard &Poor’s is threatening even without a default—a third round of quantitative easing is likely in early 2012, according to Willem Buiter, chief economist for Citigroup.

  • 25 Jul 2011
 

 Ben Bernanke

If U.S. sovereign debt receives a rating downgrade—a move Standard &Poor’s is threatening even without a default—a third round of quantitative easing is likely in early 2012, according to Willem Buiter, chief economist for Citigroup. Buiter predicted a downgrade to spark yet ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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1 Citi 10,064.23 34 12.48%
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3 Bank of America Merrill Lynch 7,473.95 24 9.27%
4 JPMorgan 7,314.30 26 9.07%
5 Wells Fargo Securities 6,484.83 25 8.04%