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Bank deleveraging has barely started

Bank deleveraging has barely started

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

Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

Tuesday, April 1, 2008

Global Mandated Arrangers - End of Q1 2008





Mandated Arrangers Value $m Deals % Share
1 JPMorgan 56,237 162 7.5
2 Citi 52,721 135 7
3 Banc of America 45,450 255 6.1
4 BNP Paribas 39,940 125 5.3
5 RBS 38,232 130 5.1
6 Sumitomo Mitsui Banking Corp 38,142 315 5.1
7 Mizuho 35,027 280 4.7
8 Mitsubishi UFJ Financial Group 33,568 326 4.5
9 Barclays Capital 26,177 41 3.5
10 Deutsche Bank 25,331 48 3.4
Total 749,448 1,858 100
Source: Dealogic







I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box

The 84-year old Warren Buffett announces in February’s annual letter to Berkshire Hathaway shareholders that he has identified to the board four potential candidates who could take over from him

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