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
Email a colleague
Request a PDF

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 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,706.73 201 11.49%
2 Bank of America Merrill Lynch 60,472.76 166 9.83%
3 JPMorgan 48,700.30 139 7.92%
4 Wells Fargo Securities 48,082.68 138 7.82%
5 Credit Suisse 38,376.65 95 6.24%