FTN Financial: FTN Financial beats Wall Street

Memphis-based FTN Financial kept up a blistering pace in 2015, issuing more than $21.1 billion in callable government sponsored-entity (GSE) debt. That beat out Wall Street stalwarts JP Morgan ($19.6 billion); Morgan Stanley ($18 billion); and Wells Fargo ($16.6 billion) handily. FTN Financial, a subsidiary of First Horizon National Corporation, held 817 bond issues in 2015 - about three new deals a day. "We have underwritten over $250 billion for them in the last ten years," said Alan Gates,...