Citi leads US banks in cutting market risk
Aggregate market RWAs across systemic banks down $26 billion, despite Bank of America bucking the trend
All but one systemic US bank saw their standardised market risk-weighted assets (RWAs) drop in the last quarter of 2021, with Citi leading the group.
On aggregate, the eight dealers reported $438 billion at end-December, down almost $26 billion on end-September and almost $41 billion compared with the year before.
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In nominal terms, Citi posted the largest quarter-on-quarter reduction, with market RWAs shrinking $13.5 billion. Morgan Stanley saw the second-largest reduction, at $7
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