CDOs/CLOs

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Merrill Lynch 19,245.7 1 22.7 22 Citigroup 12,907.9 2 15.2 19 UBS 6,843.0 3 8.1 10 Barclays Capital 6,103.0 4 7.2 4 Deutsche Bank AG 5,707.4 5 6.7 10 JP Morgan 5,316.1 6 6.3 11 Banc of America Securities LLC 4,926.4 7 5.8 5 Morgan Stanley 4,847.4 8 5.7 18 Credit Suisse 3,605.5 9 4.3 4 Bear Stearns & Co Inc 3,497.6 10 4.1 7 Industry Total 84,795.7 - 100.0 132 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues JP Morgan 5,769.9 1 23.6 7 Banc of America Securities LLC 5,302.4 2 21.7 9 Citigroup 3,525.0 3 14.4 4 Credit Suisse 1,968.6 4 8.0 3 Morgan Stanley 1,929.0 5 7.9 2 ABN AMRO 1,881.1 6 7.7 2 Deutsche Bank AG 1,425.0 7 5.8 8 Wachovia Corp 962.5 8 3.9 3 Barclays Capital 625.0 9 2.6 1 HSBC Holdings PLC 500.0 10* 2.0 1 Lehman Brothers 500.0 10* 2.0 4 Industry Total 24,476.0 - 100.0 35 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Banc of America Securities LLC 275.0 1* 50.0 1 Citigroup 275.0 1* 50.0 1 Industry Total 550.0 - 100.0 1 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 14,022.6 1 13.2 23 Royal Bank of Scotland Group 9,670.3 2 9.1 17 Deutsche Bank AG 9,286.4 3 8.7 17 Merrill Lynch 8,529.2 4 8.0 9 Countrywide Securities Corp 8,181.0 5 7.7 6 Lehman Brothers 7,271.2 6 6.8 15 Morgan Stanley 7,263.2 7 6.8 7 JP Morgan 7,226.5 8 6.8 8 Barclays Capital 6,588.1 9 6.2 13 Bear Stearns & Co Inc 6,333.0 10 5.9 16 Industry Total 106,664.4 - 100.0 150 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Banc of America Securities LLC 5,021.7 1 20.0 5 JP Morgan 3,059.8 2 12.2 4 Credit Suisse 2,514.8 3 10.0 3 Barclays Capital 2,469.8 4 9.8 2 Deutsche Bank AG 2,138.7 5 8.5 3 Morgan Stanley 2,089.8 6 8.3 2 Goldman Sachs & Co 1,755.7 7 7.0 2 Lehman Brothers 1,380.7 8 5.5 1 UBS 1,332.7 9 5.3 3 Wachovia Corp 1,126.5 10 4.5 1 Industry Total 25,079.8 - 100.0 12 Source: Thomson Financial

auto ABS 9% credit card ABS 10% enterprise finance 0% equipment ABS 1% real estate ABS 70% student loan ABS 10% trade receivables 0%

In what some are calling unusual in a market where teams often hop companies en masse, Calyon SG, a unit of French bank Credit Agricole, is in the midst of suing Mizuho Securities USA and several of its top CDO bankers for alleged damages to the company by doing just that.

A possible merger between Barclays Capital and ABN Amro is the fixed-income investment banking relationship that everyone is talking about, mainly because of the debt capital markets growth that the latter has achieved in the last decade. ABN Amro is now the type of firm that Barclays strove to evolve away from, observers said, which means a merger could present a case of turnaround deja vu for the English bank.

Being creatures of habit, consumers generally follow this hierarchy of debt repayment: mortgages, auto loans, and then credit cards. As if alarmed at subprime mortgage borrowers' acute negligence on what is supposed to be their debt servicing priority, Congress is hard at work on regulations to ensure that consumers make wiser choices regarding their third-most-important obligation.

The holding company NexCen Brands kicked off a major retail franchise buying spree when it acquired Athlete's Foot last November. After landing a $150 million revolving credit warehouse facility to help finance the purchase, NexCen brands and Baker & MacKenzie, its attorney, may have also developed a valuable tool to track requirements for identifying ownership of the trademarks pledged as collateral for the financing.