Bear Stearns Analyst Calls On Subprime Criticized

  • 11 Jul 2007
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Respected mortgage analyst Gyan Sinha of Bear Stearns has had his views on the subprime market scrutinized in the wake of the meltdown of two of the bank’s hedge funds, reports The Wall Street Journal. In a conference call in early February, Sinha told 900 investors that they had little to worry about in the subprime market. Soon after, the ABX index, which tracks the subprime market, started hitting new lows.

There has, however, been no evidence Sinha was trying to hype the market to help Bear. Unusual market conditions, including the unprecedented combination of falling housing prices and stable unemployment figures, have made the mortgage-securities market difficult to assess.

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  • 11 Jul 2007

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 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%