Banks May Spurn ABS Marts For Unsecured Loans

Investment banks that have warehoused assets with a view to tapping the mortgage-backed and asset-backed securities markets may choose to tap the unsecured lending market for funding instead, due to the illiquidity and lack of investor appetite.

  • 05 Sep 2007

—Hugh Leask

Investment banks that have warehoused assets with a view to tapping the mortgage-backed and asset-backed securities markets may choose to tap the unsecured lending market for funding instead, due to the illiquidity and lack of investor appetite. One syndicate official at a European investment bank in London ...

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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

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1 Citi 120,318.45 348 12.72%
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3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%