US banks rejig AFS books in Q2
Some banks binge on US Treasuries while Goldman doubles down on RMBSs
US banks took divergent paths in restructuring their available-for-sale (AFS) security portfolios in the second quarter, with some institutions increasing their holdings while others made substantial cuts. Despite the contrasting strategies, the aggregate amount of AFS securities still marked a modest rise for the third consecutive quarter.
Among the 43 banks analysed by Risk Quantum, JP Morgan made the largest absolute increase, adding $30.1 billion of AFS securities – a 12.8% rise – bringing
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