JPMorgan Ranks No. 1 as Bank Most Crucial to Financial Stability
ByJPMorgan Chase & Co. is the bank most integral to the stability of the global financial system, followed by HSBC Holdings Plc and Citigroup Inc., according to a U.S. study.
U.S.-based banks account for half of the 10 lenders that ranked highest for “systemic importance” in the report released Tuesday by the Office of Financial Research. Bank of America Corp., Morgan Stanley and Goldman Sachs Group Inc. were also in the top 10.
The researchers evaluated factors that global regulators use to assess systemic importance, including size, complexity and how difficult the bank would be to replace if it were to fail. U.S. banks “particularly dominate the complexity and substitutability categories,” according to the report, written by the OFR’s Paul Glasserman and Bert Loudis…
JPMorgan Ranks No. 1 as Bank Most Crucial to Financial Stability
