Banks Turn To Portfolio Insurers In Choppy Markets

Banks have been making urgent inquiries to monolines and mortgage portfolio insurers to establish the economic viability of guaranteeing portfolios and tranches of securitized notes.

  • 05 Oct 2007

-- Daniel Flatt

Banks have been making urgent inquiries to monolines and mortgage portfolio insurers to establish the economic viability of guaranteeing portfolios and tranches of securitized notes. According to market participants, the enquiries have centeredon Spanish, German and U.K RMBS paper at the AAA level, where monolines ...

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GlobalCapital European securitization league table

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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%