FDIC: No favours for long term debtholders

The Federal Deposit Insurance Corp this week said that it will "absolutely bar" any payments to long term senior unsecured bondholders, subordinated bondholders or shareholders in the event of the liquidation of a systemically important financial institution, if such payments would result in these creditors recovering more than similarly situated creditors.

  • 15 Oct 2010
The FDIC may, however, make additional payments to other classes of creditor, subject to a vote by its board, if it is "necessary to the essential operations of the receivership or bridge financial company, to maximise the value of the assets or returns from sale, or to minimise ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,704.99 54 5.47%
2 UniCredit 9,192.82 61 5.18%
3 LBBW 8,744.00 54 4.93%
4 Natixis 8,477.22 42 4.78%
5 Credit Suisse 8,000.81 42 4.51%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 64,756.63 229 6.50%
2 JPMorgan 63,336.01 251 6.36%
3 Citi 61,059.27 286 6.13%
4 Goldman Sachs 58,375.42 477 5.86%
5 Morgan Stanley 51,749.44 278 5.20%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 54,011.37 190 11.07%
2 JPMorgan 53,535.47 182 10.98%
3 Citi 49,399.51 226 10.13%
4 Goldman Sachs 43,629.78 422 8.95%
5 Morgan Stanley 40,127.74 218 8.23%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,511.67 24 7.36%
2 UniCredit 5,302.66 21 5.99%
3 Deutsche Bank 5,002.94 16 5.66%
4 LBBW 4,987.08 21 5.64%
5 Commerzbank Group 4,984.41 19 5.63%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 HSBC 4,729.28 11 10.94%
2 Barclays 3,919.93 12 9.07%
3 UBS 3,374.07 13 7.80%
4 BNP Paribas 3,351.70 12 7.75%
5 Credit Agricole CIB 2,490.29 7 5.76%