Senate Bill Giving SLABS Mart The Jitters

A bill proposed by Sen. Dick Durbin (D-Ill.) that would allow borrowers in bankruptcy to walk away from private student loans has raised alarms in the asset-backed securities market.

  • 06 Jul 2007

--Olivia Thetgyi

A bill proposed by Sen. Dick Durbin (D-Ill.) that would allow borrowers in bankruptcy to walk away from private student loans has raised alarms in the asset-backed securities market. “As an unsecured consumer asset, there’s no real recourse for [investors]. You could securitize the loans, but I ...

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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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

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1 RBC Capital Markets 801.51 2 13.30%
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3 Wells Fargo Securities 606.78 3 10.07%
4 Credit Suisse 534.82 2 8.88%
5 SG Corporate & Investment Banking 497.64 2 8.26%