CSFB Reportedly Hit With MBS Losses

Credit Suisse First Boston is investigating a loss of at least $40 million in its mortgage-backed securities book, according to officials at rival firms.

  • 17 Mar 2004
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Credit Suisse First Boston is investigating a loss of at least $40 million in its mortgage-backed securities book, according to officials at rival firms. A CSFB official says firm management is currently in discussions with at least one mortgage-backed trader, Mike Flannelly, a whole loan trader, concerning the losses. CSFB is conducting a forensic check on recent MBS activities. Flannelly did not return calls. The CSFB official says Flannelly remains an employee of the firm but has been moved off the MBS trading desk.

Andy Kimura, co-head of the structured products group, declined to comment on an employee matter. John Gallagher, a spokesman, also declined to comment.

  • 17 Mar 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 417,761.51 1606 9.02%
2 JPMorgan 380,362.89 1737 8.21%
3 Bank of America Merrill Lynch 364,928.71 1322 7.88%
4 Goldman Sachs 269,252.76 932 5.82%
5 Barclays 267,252.43 1082 5.77%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 45,449.36 196 6.56%
2 BNP Paribas 38,734.80 217 5.59%
3 Deutsche Bank 37,615.10 139 5.43%
4 JPMorgan 34,724.19 118 5.01%
5 Bank of America Merrill Lynch 33,835.53 112 4.88%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,475.46 105 8.65%
2 Morgan Stanley 19,057.00 101 7.34%
3 Citi 17,812.08 111 6.86%
4 UBS 17,693.89 71 6.81%
5 Goldman Sachs 17,333.10 99 6.67%