The risk that – when placing a customer’s securities, a syndicate of banks will not be able to fully place them on the market and – the participating institutions will therefore have to take the floated material into their own portfolios. – In August 2008, for example, Citigroup and UBS were left holding the bag on more than seventy percent of a capital increase of around EUR 500 million that they wanted to place on the market for the British banking house Bradford & Bingley, headquartered in Bingley, Yorkshire. The bank, which is mainly active in mortgage financing, floundered in the wake of the financial crisis and was nationalized in September 2008. – See alliances, cross-border, arranger, exit risk, bought deal, squeeze-through, intercreditor agreement, investment banking, syndicated loan, material, flottantes, project finance, risk, operational, risk transfer, risk assumption ground rule, syndicate, securitization, loss-sharing arrangement.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/