March 5, 2024 (NO COMMENTS)

Five of the 14 US dealers subject to the supplementary leverage ratio (SLR) ended last year with record exposures under their belts, putting a strain on their capital reserves to maintain healthy buffers.

Bank of America, Capital One, Citi, Goldman Sachs and PNC Bank reported an increase of up to 2.8% quarter on quarter and 6.9% year on year in the metric that serves as the SLR’s denominator. In each case, this marked the highest figure the bank has ever reported.