Barclays, Morgan Stanley Butt Heads Over Synthetic CDO

The court for the Southern District of New York is set to hear a dispute between Barclays Bank and Morgan Stanley Capital Services concerning payment rights from one of the first synthetic collateralized debt obligations issued.

  • 03 Apr 2009
The court for the Southern District of New York is set to hear a dispute between Barclays Bank and Morgan Stanley Capital Services concerning payment rights from one of the first synthetic collateralized debt obligations issued. The trustee on the deal, Tourmaline CDO, is U.S. Bank National Association, ...

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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 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 20,913.87 69 10.85%
2 JPMorgan 19,191.71 52 9.96%
3 Bank of America Merrill Lynch 18,245.19 58 9.47%
4 Wells Fargo Securities 16,837.21 50 8.74%
5 Barclays 13,965.64 46 7.25%