Derivatives league table

June 26, 2009

Goldman Sachs is moving up the derivatives charts—with a bullet.

In the latest ranking of US banks with large derivatives exposure, Goldman moves up from fourth place to second, according a report from the Office of the Comptroller of the Currencey. The notional value of Goldman’s derivatives contracts at the end of the first quarter was $39.9 trillion, up from $30.2 trillion in the fourth quarter of 2008.

Goldman leapfrogged over Citigroup and Bank of America. The total value of derivatives contracts is down a bit at Citi and holding steady at BofA compared to the fourth quarter. That’s not too surprisingly, given that those two banks continuing problems with troubled assets on their balance sheets.

But derivatives contracts are down too at JPMorganChase, the king of the derivatives mountain. Total notional value at JPMorgan fell to $81.1 trillion from $87 trillion.

Now Goldman still has a way to go to catch-up to the leader. But with Lehman Brothers and Bear Stearns out of the picture, it looks like Goldman means business.

3 comments

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between swaps and derivatives one must wonder if this gambling is necessary?? how about setting priorities in standards, agendas and boundaries…..Examples….remove repetition (duplication) and u save operating expenses…..raise the standards and lower the cost of maintenance……remove transparancy and u have possible conflict of interest….

Posted by urban image | Report as abusive

Take a look at the post on derivative exposure with Goldman and how to profit.

<a href=”http://goldstocktrades.wordpress.c om/2009/07/02/derivative-risk-will-cause -goldman-and-jp-morgan-to-crash/<Goldman Will Crash

Posted by Gold Stock Trades | Report as abusive

I’m sorry here’s the link again.

Goldman Will Crash

Posted by Gold Stock Trades | Report as abusive

[...] and of itself, this is pretty risky but as Reuters reported Goldman Sachs is now the second largest derivatives trader in the U.S., adding a staggering $10 trillion in contracts in one quarter. Derivatives contracts [...]