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 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,113.97 30 12.52%
2 Barclays 7,732.29 21 10.62%
3 Bank of America Merrill Lynch 7,473.95 24 10.26%
4 JPMorgan 7,225.34 25 9.92%
5 Wells Fargo Securities 6,258.35 24 8.59%