JPMorgan Chase & Co. held on to its position as the largest bank on the 2022 list of the Global Systematically Important Banks (G-SIBs), the Financial Stability Board said Monday. The same 30 banks remained on the list. Bank of America moved up to bucket three from bucket two, while JPMorgan remained the only bank in bucket four. Citigroup and HSBC remained in bucket three, while BNP Paribas dropped to bucket two from bucket three. China Construction Bank moved to bucket two to bucket one. Among U.S. banks, Goldman Sachs Group Inc. remained in bucket two. Bank of New York Mellon , Morgan Stanley , State Street Corp. and Wells Fargo & Co. are in bucket one. The list of G-SIBs is divided into buckets corresponding to required level of additional loss absorbency. The Financial Stability Board updates the list of G-SIBs each November.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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