Six US banks grow systemic footprints
BAML and Citi climb into higher G-Sib surcharge buckets
Bank of America Merrill Lynch, BNY Mellon, Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all increased their Federal Reserve-set systemic risk scores in Q2, two by enough to merit a higher capital surcharge if they stay at their current levels through the rest of the year.
Risk Quantum analysis of the Federal Reserve’s systemic risk reports, known as FR Y-15s, show that BAML’s score increased by 11 basis points quarter-on-quarter to 536bp, which would qualify it for a 3% global
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