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No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us
Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

League Tables - 120



EMEA High Yield - End of Q1 2008


Bookrunner Value $m Deals % Share
1 KIT Finance Investment Bank 927 1 24.1
2 Troika Dialog 534 5 13.9
3 VTB Group 168 2 4.4
4 Lehman Brothers 150 1 3.9
5 SG CIB 148 2 3.8
6 Renaissance Capital 144 2 3.7
7 Bank CenterCredit 141 3 3.7
8 Nomos Bank 122 1 3.2
8 Bank Soyuz 122 1 3.2
10 Raiffeisenbank Kleinwalsertal AG 104 1 2.7
Total 3,844 59 100.0
Source: Dealogic


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