Citi, Goldman, State Street add $685m of complex assets

Private equity, asset-backed security and loan holdings drive increase in Level 3 instruments

Outstanding amounts of Level 3 assets – illiquid, hard-to-value instruments – held by Citi, Goldman Sachs and State Street grew over the first quarter of this year.

Data from systemic risk reports shows Citi posted the largest quarterly increase, with stocks of Level 3 assets climbing $365 million (4%) to $10.7 billion. Goldman Sachs saw its Level 3 assets edge up $263 million (1%) to $23.3 billion, and State Street’s by $57 million (4%) to $1.3 billion.

The Level 3 holdings of four other US

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

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