League tables are a tricky business. Banks love them when they are riding high in the rankings and dismiss them when they slide. The credit crisis has wrought many changes, but few so stark as the rise and fall of some of the largest banks in the bond underwriting league tables.
Citigroup has dropped to 12th in the league table of bookrunners of all bonds from Europe, the Middle East and Africa â the first time in nearly a decade the US bank has been ranked outside the top three, according to data provider Dealogic.
