Credit Woes Continue To Plague GMAC

Credit problems continue to plague GMAC, with a first-quarter loss of $675 million, compared with $589 million a year ago.

  • 05 May 2009
Credit problems continue to plague GMAC, with a first-quarter loss of $675 million, compared with $589 million a year ago. Accounting for part of its troubles is an increase in net charge-offs on auto loans from 1.57% in North America to 2.91% and from 0.74% internationally to 1.08%. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 13.65
2 BNP Paribas 3,026 10 9.61
3 Bank of America Merrill Lynch (BAML) 2,411 8 7.66
4 Lloyds Bank 2,213 9 7.03
5 Credit Agricole 2,025 6 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 37,494.89 105 12.02%
2 Bank of America Merrill Lynch 30,932.47 87 9.92%
3 Wells Fargo Securities 26,900.77 74 8.62%
4 JPMorgan 23,547.25 70 7.55%
5 Credit Suisse 19,951.44 47 6.40%