Wells Fargo, BNY Mellon, State Street build repo exposures in Q2

Seven of the eight systemic US banks built up repo exposures in the second quarter, with BNY Mellon, Wells Fargo and State Street expanding their books the most percentage-wise. 

Aggregate gross repo assets across the eight US global systemically important banks (G-Sibs) totalled $2.8 trillion at end June, up 4% on Q1 and 20% on the year-ago quarter.

BNY Mellon, State Street and Wells Fargo posted quarterly increases of $16 billion (21%), $15 billion (17%) and $13 billion (12%), respectively.

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