Two Canadian Banks May Show Writedowns

  • 19 Nov 2007
Email a colleague
Request a PDF

The Bank of Montreal and National Bank of Canada may face writedowns as high as C$500 million ($513.36 million) each, according to an analyst at Scotia Capital, reports Bloomberg News. Both banks face losses on commercial paper holdings but the Bank of Montreal’s losses may also be tied to investments tied to structured investment vehicles. Analyst Kevin Choquette also said that exact loss amounts are “difficult to ascertain.” Some commercial paper has weakened amid a downturn in the U.S. mortgage market.

Click here to read the story from Bloomberg News

  • 19 Nov 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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%