Securitization Activity Hits Discover Earnings

Discover Financial Services’ income from securitization fell on lowered issuance, the issuer said in its earnings report today.

  • 25 Sep 2007

--Cathy Cunningham

Discover Financial Services’ income from securitization fell on lowered issuance, the issuer said in its earnings report today. Earnings in its U.S. card division were flat while the international card segment reported a $67 million pretax loss compared to a $30 million loss for the same quarter ...

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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 %
  • Last updated
  • Today
1 Citi 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%