US banks shuffle structured product portfolios
Investments classified as available-for-sale drop $8.7 billion across six largest dealers
Big US banks are draining their available-for-sale (AFS) portfolios of structured products, Risk Quantum analysis shows.
Holdings of structured products at the six largest US banks have been largely flat over the 18 months from end-2016 to end-June 2018, shrinking just 1% to $88 billion in the period. But the share of these instruments classified as AFS has fallen to 67% from 76%, with more
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