OCC reports earnings uptick for US banks

In its latest quarterly derivatives report, the OCC said active derivatives trading continues to be concentrated at seven banks, with JP Morgan Chase, Bank of America, Citibank, Wachovia Bank, Banc One, HSBC and Wells Fargo accounting for nearly 96% of the total notional derivatives in the commercial banking system. JP Morgan Chase, with $30.7 trillion of derivatives exposure by notional amount, is the biggest dealer, according to the report. This is followed by Bank of America, which has $13

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: