Subprime Problems May Spread To China

  • 03 Aug 2007
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China’s H-share banks, specifically the Bank of China, may have exposure to subprime securities, according to a report from Goldman Sachs. The BOC said its losses on subprime investment in the first half would be “insignificant” and that it had less than 10% of its foreign bond investments in mortgage and asset-backed securities at the end of last year. The percentage of that investment in subprime securities was even smaller according to Luo Nan, the bank’s head of investor relations. Subprime losses were reported by banks in Germany and Taiwan earlier in the week.

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  • 03 Aug 2007

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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.81%
2 Bank of America Merrill Lynch 99,988.41 288 10.64%
3 Wells Fargo Securities 88,516.28 265 9.42%
4 JPMorgan 69,240.12 209 7.37%
5 Credit Suisse 51,378.45 156 5.47%