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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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1 Citi 129,591.43 378 11.20%
2 Bank of America Merrill Lynch 103,557.15 301 8.95%
3 JPMorgan 101,741.96 296 8.79%
4 Wells Fargo Securities 91,373.90 263 7.90%
5 Credit Suisse 76,186.18 204 6.58%