US banks curb market risk

The largest US banks cut market risk as volatility subsided in the second quarter, with Bank of America dropping its market risk-weighted assets by $8 billion, or 13%, over the period. 

Total market RWAs across the eight US global systemically important banks (G-Sibs) fell $31 billion, or 6.7%, quarter to quarter.

Bank of America cut the most in percentage terms, with JP Morgan close behind with a 10% reduction, equivalent to $13.5 billion. Citigroup and Morgan Stanley slashed $6.5 billion (9%

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