Banks Have 90 Days To Buy Back Securities

Banks have a 90-day window during which to buy back $118 billion in so-called “trust preferred securities,” under the recently passed Dodd-Frank reform act.

  • 16 Aug 2010
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Banks have a 90-day window during which to buy back $118 billion in so-called “trust preferred securities,” under the recently passed Dodd-Frank reform act. Financial institutions reportedly have expressed interest in the buybacks because they offer higher interest rates to attract investors. However, the bill bars firms from counting these securities as tier 1 capital beginning in 2013.

Click here to read the story from The Financial Times.

  • 16 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 9,113.97 30 12.52%
2 Barclays 7,732.29 21 10.62%
3 Bank of America Merrill Lynch 7,473.95 24 10.26%
4 JPMorgan 7,225.34 25 9.92%
5 Wells Fargo Securities 6,258.35 24 8.59%