WestLB Shows Q3 Loss, Expects More

  • 06 Dec 2007
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WestLB blamed disruptions in the capital markets for a third quarter “negative impact” of €355 million ($519.46 million), which contributed to a pre-tax group loss of €116 million ($169.74 million). The company also said that it expects a pre-tax loss in the “low three-figure million range” in the current quarter due to further market deterioration in October and November. “The increased volatility in the global financial markets led to further losses, in particular from structured securities,” the company said in a statement. WestLB also said that the U.S. subprime mortgage crisis has spread to market segments with limited links to the U.S. real estate sector.
  • 06 Dec 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,706.73 201 11.50%
2 Bank of America Merrill Lynch 60,472.76 166 9.84%
3 JPMorgan 48,700.30 139 7.92%
4 Wells Fargo Securities 48,082.68 138 7.82%
5 Credit Suisse 38,376.65 95 6.24%