Credit swap portfolios contracted at systemic US banks in Q2

The fair value and notional size of credit default swap (CDS) portfolios held by Wall Street giants Bank of America, Citi, JP Morgan, Goldman Sachs, Morgan Stanley and Wells Fargo shrunk rapidly over the three months to end-June, having massively expanded during the initial outbreak of the coronavirus crisis.

Aggregate notional sold CDS tallied up to $2.17 trillion and bought credit derivatives to $2.35 trillion, down 9% and 8% on Q1, respectively. Sold notionals fell fastest at JP Morgan, by

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: http://subscriptions.risk.net/subscribe

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 Risk.net 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: