| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Citigroup | 2,700.0 | 1 | 29.1 | 5 |
| Banc of America Securities LLC | 2,198.3 | 2 | 23.7 | 3 |
| Morgan Stanley | 1,829.0 | 3 | 19.7 | 2 |
| Deutsche Bank AG | 1,250.0 | 4 | 13.5 | 3 |
| JP Morgan | 849.9 | 5 | 9.2 | 4 |
| Wachovia Corp | 249.9 | 6 | 2.7 | 1 |
| Credit Suisse | 200.0 | 7 | 2.2 | 1 |
| Industry Total | 9,277.1 | - | 100.0 | 14 |
| Source: Thomson Financial | ||||
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.
