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 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.01%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%