“It’s a lot of wishful thinking. It could happen at some point, but in my opinion this is too soon.”

—Mikhail Fox, head of U.S. credit and derivatives strategy at Citigroup in New York, on Morgan Stanley reviving the Phoenix collateralized synthetic obligation so early in the recovery, after shelving it in the fourth quarter.

  • 26 Mar 2010
“It’s a lot of wishful thinking. It could happen at some point, but in my opinion this is too soon.”—Mikhail Fox, head of U.S. credit and derivatives strategy at Citigroup in New York, on Morgan Stanley reviving the Phoenix collateralized synthetic obligation so early in the recovery, after ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%