The six largest U.S. banks share of the credit card securitization market has shrunk from 90% before the financial crisis to roughly 60%, according to Ildiko Szilank, an analyst at Standard & Poor's. Rule-making by the Federal Deposit Insurance Corp. on how it would treat securitized loans in the event a bank collapse into receivership has contributed to a decline in issuance, says Szilank.
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Latest news by market and league table performance
|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|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||10,716.42||32||11.47%|
|5||Wells Fargo Securities||7,444.83||29||7.97%|