The firm, a unit of Citigroup, was top underwriter for the second quarter running with $88bn. JP Morgan Chase was second, underwriting $72bn of debt and equity in the period.
The bond market fell 12% to $842bn and equity offerings were down 16% to $57.3bn in the first three months of the year. The equity market has now fallen for the fifth straight quarter.
Salomon Tops For Stock And Debt
Salomon Smith Barney headed the list of securities firms in global debt and equity offerings in the first quarter of 2002.
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