Bear Unit Sued Over Bad Loans

Ambac Financial Group has sued EDC, a unit of Bear Stearns, over bad home loans.

  • 05 Nov 2008
Ambac Financial Group has sued EDC, a unit of Bear Stearns, over bad home loans. The bond insurer, in seeking reimbursement for the loans in securities it insured, alleges that the four transactions in question contained inaccuracies and misrepresentations regarding the borrowers’ income and employment status, among other ...

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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

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2 JPMorgan 16,621.17 45 10.15%
3 Wells Fargo Securities 16,128.82 45 9.85%
4 Bank of America Merrill Lynch 14,599.47 49 8.91%
5 Barclays 11,857.73 40 7.24%