Citigroup Planning Major Job Cuts

  • 26 Nov 2007
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Citigroup is planning major job cuts over the next couple of months, reports CNBC.com. People familiar with the matter said that the total number could be as high as 45,000 but the firm responded with a statement, saying, “Any reports on specific numbers are not factual.” Citigroup fired almost 5% of its workforce in April, when it laid off 17,000 employees. Citigroup has since seen Charles Prince, chief executive, depart. The company also warned that it may face losses of up to $11 billion on deals tied to the subprime mortgage market with further exposure to the market in the tens of billions of dollars.

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  • 26 Nov 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 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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%