Citi maintains top spot in municipal underwriting

01/5/2010 | Bond Buyer (free content), The

For the past decade, Citigroup has lead municipal underwriting each year, according to Thomson Reuters. In 2009, Citi ran the books on nearly 400 issues, totaling more than $58 billion. The result was a 14.3% share of the municipal-underwriting market. Bank of America Merrill Lynch came in a close second, with 13.6% of the market. JPMorgan Chase came in third, with a market share of 11.5%, up from 9.8% in 2008.

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Bond Buyer (free content), The

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