US banks curb market risk
G-Sibs cut $31 billion of market RWAs in three months to June
The largest US banks cut market risk as volatility subsided in the second quarter, with Bank of America dropping its market risk-weighted assets by $8 billion, or 13%, over the period.
Total market RWAs across the eight US global systemically important banks (G-Sibs) fell $31 billion, or 6.7%, quarter to quarter.
Bank of America cut the most in percentage terms, with JP Morgan close behind with a 10% reduction, equivalent to $13.5 billion. Citigroup and Morgan Stanley slashed $6.5 billion (9%
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