BofA, JPM face 50bp increase in G-Sib surcharge
Surge in systemic indicators puts banks on track for 3.5% and 5% add-ons in 2027
Bank of America and JP Morgan face 50-basis point increases in their global systemically important bank (G-Sib) surcharges from 2027, following a surge in their systemic footprint last year.
Bank of America’s systemic score, as calculated under the US Federal Reserve’s method 2 approach, rose 65bp to 679bp over the course of 2024. This pushed it above the 630bp threshold that entails a 3.5%
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