JP Morgan usurps Deutsche as world’s largest derivatives bank

Thanks to its efforts to shrink its systemic footprint, Deutsche Bank lost its place as the lender with the largest amount of over-the-counter derivatives notionals in 2018. JP Morgan took its place, with Citi not far behind. 

Systemic risk data released by the Basel Committee on November 22 shows that JP Morgan had €39.5 trillion ($43.5 trillion) of OTC derivatives notionals outstanding at end-2018, 5.9% more than at end-2017. Citi had €35.4 trillion, up 8.5%.

In contrast, Deutsche Bank had