Big US banks dropped $24trn of OTC notionals at year-end

Large US banks eliminated $24.3 trillion of derivatives notionals in the last three months of 2018, cutting the size of their swaps books by 11% in aggregate.

Total notionals reported by the eight US global systemically important banks (G-Sibs) stood at $196.3 trillion at end-December.

JP Morgan shed the most of the pack in dollar terms, with a reduction in the fourth quarter of $8.5 trillion (16%) to $45.3 trillion. Goldman Sachs cut the second-most, by $7.4 trillion (17%) to $36.7 trillion.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: