Big Banks Share Of Credit Card Securitization Shrinking

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.

  • 13 Aug 2010
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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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  • 13 Aug 2010

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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 12,356.92 41 13.22%
2 Bank of America Merrill Lynch 10,716.42 32 11.47%
3 Barclays 8,716.58 27 9.33%
4 JPMorgan 7,774.38 29 8.32%
5 Wells Fargo Securities 7,444.83 29 7.97%