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, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 90,620.08 256 11.16%
2 Bank of America Merrill Lynch 77,768.99 216 9.58%
3 JPMorgan 68,302.06 194 8.41%
4 Wells Fargo Securities 67,736.13 189 8.34%
5 Credit Suisse 54,172.98 137 6.67%