Three large European banks cut their US assets by 27% in 2017, boosting their capital ratios ahead of the Federal Reserve’s annual stress tests.
The US intermediate holding companies (IHCs) of Credit Suisse, Barclays, and Deutsche Bank shrunk their balance sheets by $84 billion (37%), $43 billion (21%), and $37 billion (20%), respectively.
The three also plumped their capital buffers over the period, adding a total of $757 million of common equity Tier 1 (CET 1) capital in the 12 months to
- Quant Finance Master’s Guide 2019
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Final FRTB internal model rules get mixed reviews
- Cross-currency swaps could hasten RFR shift in Australia
- Princeton tops inaugural Risk.net quant master’s ranking