Wells Fargo, BNY Mellon, State Street build repo exposures in Q2
Wells Fargo increases gross repo assets by 12.4% in three months to end-June
Seven of the eight systemic US banks built up repo exposures in the second quarter, with BNY Mellon, Wells Fargo and State Street expanding their books the most percentage-wise.
Aggregate gross repo assets across the eight US global systemically important banks (G-Sibs) totalled $2.8 trillion at end June, up 4% on Q1 and 20% on the year-ago quarter.
BNY Mellon, State Street and Wells Fargo posted quarterly increases of $16 billion (21%), $15 billion (17%) and $13 billion (12%), respectively.
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