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 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%