The most wide open race of asset-backed underwriting in recent memory came to a close last week, won by a nose after JPMorgan Securities priced a $1.5 billion Chase Credit Card Master Trust transaction at the eleventh hour to best Credit Suisse First Boston by $666 million, according to Thomson Financial. This is the first time JPMorgan has topped the list of underwriters and is the culmination of the combined synergy resulting from the late 2000 merger between JPMorgan and Chase Manhattan Bank.

This is also the second straight year CSFB has lost its league table lead on Dec. 31.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.