Trading Assets at U.S. Global Systemically Important Banks Surge to $3.7 Trillion

Trading assets at U.S.-based Global Systemically Important Banks (GSIBs) grew from $2.5 trillion at the end of 2024 to $3.7 trillion in the second quarter of 2026, doubling since the end of 2019 and now accounting for approximately 20% of GSIBs' assets. This growth was supported by regulatory changes in November 2025, which modified enhanced supplementary leverage ratio standards, reducing capital requirements and allowing balance sheet expansion. Trading revenue reached $117 billion in 2025, up from $62 billion in 2022. The GSIBs include Bank of America Corp., The Bank of New York Mellon Corp., Citigroup Inc., The Goldman Sachs Group Inc., JP Morgan Chase & Co., Morgan Stanley, State Street Corp. and Wells Fargo & Co.