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 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%