Interest rate swaps powered Q1 derivatives boom at top US banks

Aggregate interest rate derivatives notionals held by the eight too-big-to-fail US banks climbed 22% in the first three months of 2020 to $177.23 trillion. Swap notionals increased 20% to $106.97 trillion, and forwards a whopping 89% to $29.77 trillion. 

JP Morgan posted the largest quarter-on-quarter increase of the US global systemically important banks (G-Sibs), growing interest rate derivatives notionals by $10.7 trillion (+33%) to $43.4 trillion.

Bank of America followed with a $7.4

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: