Two of the eight US global systemically important banks – Goldman Sachs and Wells Fargo – increased illiquid and hard-to-value assets in 2018.

Goldman Sachs grew these Level 3 assets by $2.9 billion (14%) to$23 billion, and Wells Fargo by $444 million (2%) to$25.3 billion last year. In contrast, the other six G-Sibs posted decreases totalling $4.4 billion (4%) year-on-year. According to its annual report, the year-on-year increase at Wells Fargo was driven by a$1 billion climb in Level 3