There is an excellent news by the folks at zerohedge.com, showing that contrary to popular opinion, the derivative exposure of US banks has actually increased since the prior economic crisis of 2008. Now the top 5 banks (JPM, CITI, BAC, GS and HSBC) account for 96% of the total outstanding derivative exposure!
So after a massive financial and economic crisis, what do banks do? as expected, they get bigger and riskier...
Here is a much more detailed link of the OCC's (Office of the Currency Comptroller) latest quarterly report on bank trading and derivatives activities.
So after a massive financial and economic crisis, what do banks do? as expected, they get bigger and riskier...
Here is a much more detailed link of the OCC's (Office of the Currency Comptroller) latest quarterly report on bank trading and derivatives activities.
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