| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan Securities Inc. | 5,939.19 | 1 | 23% | 7 |
| Wachovia Securities | 3,646.46 | 2 | 14% | 4 |
| Banc of America Securities LLC | 3,350.65 | 3 | 13% | 3 |
| Barclays Capital | 2,960.28 | 4 | 11% | 3 |
| ABN AMRO Incorporated | 2,322.9 | 5 | 9% | 2 |
| Industry | 14,244.27 | 16 | ||
| totals | ||||
| | ||||
That the underlying contract holders prioritize using their smartphones and other mobile devices suggests that they are likely to prioritize payments related to those products.
Should the all-stock transaction close as planned later this year, Wintrust Financial in the Chicago area would gain about $2.7 billion of assets.
Chris Hentemann, whose fund manages $6.2 billion in assets, seeks out B-piece opportunities and foresees banks executing more bulk loan sales and credit-risk transfers.
The current levels of credit enhancement are a reduction from levels of 58.0%, 48.7%, 35.9%, 22.5% and 17% on the classes A, B, C, D and E on the BLAST 2024-1 deal.
First-quarter results at the companies were promising for other banks looking to reel in fees from capital markets activities as deposit costs put pressure on net interest income.
