Monoline Downgrades Could Lead To $40 Bln In Losses

  • 31 Jan 2008
Downgrades to major bond insurers could lead to an additional $40 billion in losses, according to Meredith Whitney, an analyst at Oppenheimer, reports The Wall Street Journal. Merrill Lynch, Citigroup and UBS would take most of the losses, according to Whitney. “While we had previously believed the monoline ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%