G-Sibs add $34trn of OTC notionals in Q1

The eight US global systemically important banks (G-Sibs) expanded their over-the-counter swaps portfolios by 17% in notional terms during the first three months of this year.

Percentage-wise, State Street expanded its derivatives book the most, by 57% over its end-2018 amount, to $2.2 trillion.

JP Morgan followed, adding 23% to reach a total of $55.7 trillion. Goldman Sachs added 21% to hit $44.5 trillion and BofA Securities 19% to total $36.6 trillion, while Citi and Wells Fargo both added

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