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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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1 Citi 117,261.12 337 11.10%
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