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 story : JPMorgan keeps its rank as largest global systematically important bank; Bank of America moves up the list #FinanceUSA #StockMarketNEWS JPMorgan Chase & Co. held on to its position as the largest

@stockMarketNEWS 6 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

JPMorgan keeps its rank as largest global systematically important bank; Bank of America moves up the list #FinanceUSA #StockMarketNEWS
JPMorgan Chase & Co. held on to its position as the largest bank on the 2022 list of the Global Systematically Important Banks (G-SIBs), the Financial Stability Board said Monday. The same 30 banks remained on the list. Bank of America moved up to bucket three from bucket two, while JPMorgan remained the only bank in bucket four. Citigroup and HSBC remained in bucket three, while BNP Paribas dropped to bucket two from bucket three. China Construction Bank moved to bucket two to bucket one. Among U.S. banks, Goldman Sachs Group Inc. remained in bucket two. Bank of New York Mellon , Morgan Stanley , State Street Corp. and Wells Fargo & Co. are in bucket one. The list of G-SIBs is divided into buckets corresponding to required level of additional loss absorbency. The Financial Stability Board updates the list of G-SIBs each November.


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