Citi, Goldman and Wells Fargo drive $74bn AFS securities surge
US global systemically important banks (G-Sibs) pushed their available-for-sale (AFS) securities holdings to a record high in the second quarter, as Citi, Goldman Sachs and Wells Fargo increased their portfolios by a combined $74 billion.
Citi reported the largest increase, at $28.2 billion, driven by rises of $13.7 billion in pass-through residential mortgage-backed securities and $7.9 billion in
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