Second-Lien RMBS Send Ambac To Deeper Loss

Ambac Financial Group’s first quarter loss was about 75% deeper than a year ago, thanks in part to write-downs in second-lien residential mortgage-backed securities and a change in certain accounting standards the company has adopted.

  • 18 May 2010
Ambac Financial Group’s first quarter loss was about 75% deeper than a year ago, thanks in part to write-downs in second-lien residential mortgage-backed securities and a change in certain accounting standards the company has adopted. The bond issurer posted a net loss of $690.1 million for the quarter, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 33,499.81 106 11.84%
2 JPMorgan 26,026.16 75 9.20%
3 Wells Fargo Securities 25,325.15 70 8.95%
4 Bank of America Merrill Lynch 23,157.33 74 8.18%
5 Barclays 17,494.57 59 6.18%