BofA cut $89 billion of AFS securities in H1

- By Lorenzo Migliorato
- 20 Jul 2023

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Bank of America slashed $88.8 billion of securities held in its available-for-sale (AFS) portfolio in the first six months of the year, leading a push by top US lenders to shield their capital from further mark-to-market losses as yields continue to climb.

Holdings of AFS securities, measured at fair value, stood at $132 billion at end-June, down from $162.4 billion at end-March and $220.8 billion at end-2022. Virtually all of this was due to cuts to the US Treasuries portion of the book

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 print this content. Please contact info@risk.net to find out more.

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

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net