Op RWAs surge at Wells Fargo, dwindle at other G-Sibs

Higher capital charges a knock-on effect of a slew of misconduct scandals

Wells Fargo’s operational risk capital requirement soared almost 10% in 2018, while many of its peers posted reductions.  

The San Francisco-based lender increased op risk-weighted assets (RWAs) to $328 billion from $300 billion at end-2017, which translates to a capital requirement of $26 billion. Op RWAs jumped $9 billion in the last three months of 2018 alone, reversing a slight drop recorded in the third quarter.

In contrast, year-on-year op RWAs slid 3% to $389 billion at JP Morgan, 4%

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