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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 ECM - End of Q1 2008





Bookrunner Value $m Deals % Share
1 Citi 14,192 41 11.5
2 Banc of America 11,918 13 9.6
3 JPMorgan 10,758 38 8.7
4 Merrill Lynch 8,210 34 6.6
5 Morgan Stanley 7,372 30 6.0
6 UBS 7,249 37 5.9
7 Deutsche Bank 7,182 36 5.8
8 Goldman Sachs 6,599 20 5.3
9 Credit Suisse 4,600 31 3.7
10 HSBC 3,164 5 2.6
Total 123,683 732 100
Source: Dealogic







I’m learning new tricks at the moment. For example, I have to spend the day with our private bankers in Mayfair, so I have hired a poodle and am practising walking it

One investment bank structurer on his way to explain to the private bank how to market some of their structured products

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