Countrywide To Pay $600 Mln To Settle Class Actions

Countrywide Financial has agreed to pay $600 million to settle several class actions brought by shareholders charging the lender with failing to disclose its growing risks during the subprime crisis.

  • 03 Aug 2010
Countrywide Financial has agreed to pay $600 million to settle several class actions brought by shareholders charging the lender with failing to disclose its growing risks during the subprime crisis. The shareholder settlement, said to be the largest on record, does not include investments in mortgage-backed securities sold ...

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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

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1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%