Wells Fargo, Citi amass losing days in Q2

On average, the eight top US banks reported 32 loss-making days

Systemic US banks incurred more loss-making trading days in the second quarter of the year than in Q1, with Wells Fargo and Citi taking the most hits of the group.

The eight US global systemically important banks (G-Sibs) together reported 255 losing days in the three months to end-June – around 32 each on average. This compares with 162 loss-making days the quarter prior and 199 in Q2, 2020.



Wells Fargo and Citi were the worst performers, reporting the highest number of losing days

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