Seven US banks have lion’s share of derivatives

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The latest US Office of the Comptroller of the Currency (OCC) figures on bank derivatives activity shows that seven banks in the US still account for almost 96% of the total notional amount of derivatives in the commercial banking system, with more than 99% held by the top 25 banks. The results come from the OCC’s latest quarterly report, released in June.

The OCC, which regulates US national banks, named JP Morgan Chase, Bank of America, Citibank, Wachovia Bank, Bank One, HSBC and Wells

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