US-based global investment banks’ capital surpluses drop amid the coronavirus disruption
June 15, 2020 (8.33 mins)
Peter Nerby, David Fanger and Michael Porta of the US Financial Institutions team discuss what first quarter results from Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley tell us about the initial effects of the pandemic on their balance sheets and capital.
Global Investment Banks – US: Lower regulatory capital surpluses are credit negative, will draw banks’ close attention
Regulatory capital ratios declined at all five US-based global investment banks in the first quarter because of higher loan loss provisions, rising risk-weighted assets, and elevated payouts
