Ireland’s Bailout Won’t Solve Mortgage Woes

A bailout of Ireland’s failing economy could tighten spreads temporarily on its universe of residential mortgage securitizations, but is unlikely to fix the underlying credit fundamentals of mortgages backing the transactions, according to a London-based trader.

  • 17 Nov 2010

-- Daniel O’Leary

A bailout of Ireland’s failing economy could tighten spreads temporarily on its universe of residential mortgage securitizations, but is unlikely to fix the underlying credit fundamentals of mortgages backing the transactions, according to a London-based trader. Alexander Lazanas, co-head of asset-backed securities sales and trading at ...

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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 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%