Who NOT to Bank With – DeRISKatives

Derivatives for Leading Domestic Financial/Bank Holding Companies

Looking for a bank that might NOT need a ‘bail in’ sometime soon?
(NB: the higher the derivatives exposure, the higher the risk to YOUR deposits))

 

Following is a list of derivative contracts (total gross notional amount) held for trading (USD, in thousands) for the leading Domestic Financial and Bank Holding Companies.This list can be sequenced by institution name, interest rate, foreign exchange, equity derivative or commodity and other by clicking on the label at the head of the column. Detailed financial information for an institution can be retrieved by clicking on the institution name.


Reporting Period – quarter ended 2015 09 30 :

 

 

Name Interest
Rate
Foreign
Exchange
Equity
Derivative
Commodity
and Other
GOLDMAN SACHS GROUP, INC., THE 41,158,596,000 5,433,857,000 1,652,722,000 573,969,000
CITIGROUP INC. 38,581,813,000 9,474,155,000 2,063,072,000 447,890,000
JPMORGAN CHASE & CO. 37,080,765,000 8,768,949,000 1,116,613,000 573,612,000
BANK OF AMERICA CORPORATION 33,196,379,000 6,939,975,000 1,067,706,000 648,229,000
MORGAN STANLEY 23,407,056,000 3,930,515,000 1,296,118,000 360,604,000
WELLS FARGO & COMPANY 5,100,198,000 288,267,000 136,981,000 57,779,000
HSBC NORTH AMERICA HOLDINGS INC. 3,039,193,156 1,117,404,273 52,422,849 26,723,160
BANK OF NEW YORK MELLON CORPORATION, THE 573,832,000 521,074,000 2,841,000 0
PNC FINANCIAL SERVICES GROUP, INC., THE 173,722,166 10,038,243 0 49,675
SUNTRUST BANKS, INC. 132,857,603 6,936,528 51,457,856 928,361
U.S. BANCORP 101,103,000 40,510,000 0 222,000
MUFG AMERICAS HOLDINGS CORPORATION 68,579,882 4,717,262 3,456,922 4,239,947
REGIONS FINANCIAL CORPORATION 57,154,536 1,459,143 0 1,483,100
KEYCORP 57,005,606 6,161,267 0 1,393,606
BOK FINANCIAL CORPORATION 36,883,488 1,237,761 286,904 1,315,632
CITIZENS FINANCIAL GROUP, INC. 31,627,520 7,679,331 0 0
FIFTH THIRD BANCORP 28,598,474 18,151,633 0 3,121,607
BB&T CORPORATION 26,008,157 385,244 0 0
CAPITAL ONE FINANCIAL CORPORATION 25,586,604 263,405 2 357,873
BBVA COMPASS BANCSHARES, INC. 23,695,172 288,108 0 154,853
SANTANDER HOLDINGS USA, INC. 18,573,916 3,512,351 0 0
M&T BANK CORPORATION 17,642,041 1,483,542 0 0
STATE STREET CORPORATION 16,408,813 1,282,833,989 53,325 23,726,758
HUNTINGTON BANCSHARES INCORPORATED 13,894,540 1,988,798 129,867 825,496
COMERICA INCORPORATED 12,612,740 1,889,052 0 3,558,656
CIT GROUP INC. 10,911,239 1,853,979 954 0
FIRST HORIZON NATIONAL CORPORATION 10,388,126 48,614 0 0
BANCWEST CORPORATION 10,033,913 818,915 0 0
BMO FINANCIAL CORP. 9,626,134 2,039,102 1,472,042 0
FIRST NIAGARA FINANCIAL GROUP, INC. 8,475,039 12,972 0 0
PRIVATEBANCORP, INC. 7,721,822 325,235 0 0
NORTHERN TRUST CORPORATION 6,046,276 226,995,169 0 0
MB FINANCIAL, INC. 5,607,047 129,054 0 0
UTRECHT-AMERICA HOLDINGS, INC. 5,365,890 0 0 0
WINTRUST FINANCIAL CORPORATION 4,700,644 16,329 0 0
WEBSTER FINANCIAL CORPORATION 4,674,260 8,954 60 0
DEUTSCHE BANK TRUST CORPORATION 4,266,000 0 0 0
FIRSTMERIT CORPORATION 3,534,934 24,321 0 0
ASSOCIATED BANC-CORP 3,413,442 100,622 0 0
ZIONS BANCORPORATION 3,227,619 314,488 0 0
GENERAL ELECTRIC CAPITAL CORPORATION 2,916,194 746,347 63,468 15,404
FLAGSTAR BANCORP, INC. 2,782,500 0 0 0
TEXAS CAPITAL BANCSHARES, INC. 2,443,466 0 0 0
F.N.B. CORPORATION 2,387,195 318 2,360 0
IBERIABANK CORPORATION 1,895,734 8,762 380,116 0
CULLEN/FROST BANKERS, INC. 1,827,351 7,141 0 177,162
HANCOCK HOLDING COMPANY 1,457,349 62,221 0 0
FULTON FINANCIAL CORPORATION 1,379,295 0 0 0
BANKUNITED, INC. 1,348,478 0 0 0
SYNOVUS FINANCIAL CORP. 1,194,416 12,439 0 0
TRUSTMARK CORPORATION 646,329 0 0 0
VALLEY NATIONAL BANCORP 524,654 0 0 0
APPLE FINANCIAL HOLDINGS, INC. 512,977 10,202 0 0
SVB FINANCIAL GROUP 407,218 1,476,130 0 0
BANK OF HAWAII CORPORATION 405,636 34,623 0 0
BREMER FINANCIAL CORPORATION 386,906 0 0 0
STERLING BANCORP 129,162 0 0 0
UMB FINANCIAL CORPORATION 19,131 0 0 0
PROSPERITY BANCSHARES, INC. 17,893 0 0 0
ARVEST BANK GROUP, INC. 13,785 0 0 0
ALLY FINANCIAL INC. 0 0 0 0
AMERICAN EXPRESS COMPANY 0 1,577,000 0 0
ASTORIA FINANCIAL CORPORATION 0 0 0 0
BANCORPSOUTH, INC. 0 0 0 0
BARCLAYS DELAWARE HOLDINGS LLC 0 0 0 0
CATHAY GENERAL BANCORP 0 272,076 0 0
CENTRAL BANCOMPANY, INC 0 0 0 0
CHARLES SCHWAB CORPORATION, THE 0 0 0 0
CITY NATIONAL CORPORATION 0 0 0 0
COMMERCE BANCSHARES, INC. 0 17,751 0 0
DISCOVER FINANCIAL SERVICES 0 0 0 0
E*TRADE FINANCIAL CORPORATION 0 0 0 0
EAST WEST BANCORP, INC. 0 0 0 0
EVERBANK FINANCIAL CORP 0 0 0 0
FIRST BANCORP 0 0 0 0
FIRST CITIZENS BANCSHARES, INC. 0 0 0 0
FIRST MIDWEST BANCORP, INC. 0 0 0 0
FIRST NATIONAL OF NEBRASKA, INC. 0 0 0 0
FIRSTBANK HOLDING COMPANY 0 0 0 0
HAWAIIAN ELECTRIC INDUSTRIES, INC. 0 0 0 0
HILLTOP HOLDINGS, INC 0 0 0 0
HUDSON CITY BANCORP, INC. 0 0 0 0
INTERNATIONAL BANCSHARES CORPORATION 0 0 0 0
INVESTORS BANCORP, INC. 0 0 0 0
JOHN DEERE CAPITAL CORPORATION 0 0 0 0
MIDLAND FINANCIAL CO. 0 0 0 0
NEW YORK COMMUNITY BANCORP, INC. 0 0 0 0
OLD NATIONAL BANCORP 0 0 0 0
PACWEST BANCORP 0 0 0 0
PEOPLE’S UNITED FINANCIAL, INC. 0 0 0 0
POPULAR, INC. 0 0 0 0
SCOTTRADE FINANCIAL SERVICES, INC. 0 0 0 0
TCF FINANCIAL CORPORATION 0 0 0 0
TD GROUP US HOLDINGS LLC 0 0 0 0
THIRD FEDERAL SAVINGS AND LOAN OF CLEVELAND, MHC 0 0 0 0
UMPQUA HOLDINGS CORPORATION 0 0 0 0
UNITED BANKSHARES, INC. 0 0 0 0
UNITED SERVICES AUTOMOBILE ASSOCIATION 0 0 0 0
WASHINGTON FEDERAL, INC. 0 0 0 0
WESTERN ALLIANCE BANCORPORATION 0 0 0 0

 

 

 

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Citigroup to pay $7B Fine

 Citigroup to pay $7B fine – Subprime mortgages

http://www.news.com.au/finance/business/citigroup-to-pay-7b-in-subprime-mortgages/story-e6frfkur-1226990377859

CITIGROUP has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said “shattered lives” and contributed to the worst financial crisis in decades, the Justice Department said Monday.

THE settlement represents a moment of reckoning for one of the country’s biggest and most significant banks, which is now accountable for providing some financial support to Americans whose lives were dismantled by the largest economic meltdown since the Great Depression.

In addition to a $4 billion civil penalty being paid to the federal government, the bank will also pay $2.5 billion in consumer relief to help borrowers who lost their homes to foreclosure and about $500 million to settle claims from state attorneys general and the Federal Deposit Insurance Corporation.

The agreement does not preclude the possibility of criminal prosecutions for the bank or individual employees in the future, Holder said.

The $7 billion settlement, which represents about half of Citigroup’s $13.7 billion profit last year, is the latest substantial penalty sought for a bank or mortgage company at the epicentre of the housing crisis. The Justice Department, criticised for not being aggressive enough in targeting financial misconduct, has in the last year reached a $13 billion deal with JPMorgan Chase & Co, the nation’s largest bank, and also sued Bank of America Corp for misleading investors in its sale of mortgage-linked securities.

Yet the settlement packages pale in size compared to the broader damages caused by the Great Recession. The unemployment rate spiked to 10 per cent as millions lost their jobs and their homes, causing losses that totalled in the trillions of dollars. Public advocacy groups criticised the settlement as a sweetheart deal.

“In the context of the damage done, the damage even described by the attorney general, we’re not even in the same ballpark,” said Bartlett Naylor, a financial policy advocate for Public Citizen, which represents consumer interests.

The settlement stems from the sale of toxic securities made up of subprime mortgages, which led to both the housing boom and bust that triggered the Great Recession at the end of 2007. Banks, including Citigroup, minimised the risks of subprime mortgages when packaging and selling them to mutual funds, investment trusts and pensions, as well as other banks and investors.

The securities contained residential mortgages from borrowers who were unlikely to be able to repay their loans, yet were publicly promoted as relatively safe investments until the housing market collapsed in 2006 and 2007 and investors suffered billions of dollars in losses. Those losses triggered a financial crisis that pushed the economy into the worst recession since the 1930s.

One Citigroup trader wrote in an internal email that he “would not be surprised if half of these loans went down” and said it was “amazing that some of these loans were closed at all,” the Justice Department said. Meanwhile, the bank increased its profits and share of the market.

“They did so at the expense of millions of ordinary Americans and investors of all types – including other financial institutions, universities and pension funds, cities and towns, and even hospitals and religious charities,” Holder said at a news conference.

Justice Department officials called the $4 billion component the largest civil penalty of its kind. It will not be tax-deductible.

The $2.5 billion in consumer relief is directed at underwater homeowners and borrowers in areas of the country with high numbers of distressed properties and foreclosures. The sum includes refinancing for homeowners struggling with high interest rates on their mortgages, closing cost help for borrowers who lost homes to foreclosure, donations to community development funds and financing for construction and affordable rental housing.

The deal and others like it will probably benefit hundreds of thousands of Americans, said Associate Attorney General Tony West, though Holder also acknowledged that many people would not be adequately compensated.

Citigroup should have the capital needed to absorb the $7 billion settlement, said Gerard Cassidy, a managing director and analyst at RBC Capital Markets. In fact, investors were relieved that the issue was no longer confronting the bank and pushed up Citigroup’s stock price on Monday. CEO Michael Corbat said the settlement ends all pending civil investigations related to mortgage-backed securities.