“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 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,193.54 60 11.52%
2 Wells Fargo Securities 16,128.82 45 10.21%
3 JPMorgan 14,420.48 44 9.13%
4 Bank of America Merrill Lynch 14,370.49 47 9.10%
5 Barclays 10,634.97 35 6.73%