3 ms·
Makes one wonder what it takes to be designated Tier 5. On percentage of global GDP basis, surprisingly to laypeople JPMC hardly makes a dent measuring by AUM,
by yourapostasy 4y ago
Makes one wonder what it takes to be designated Tier 5. On percentage of global GDP basis, surprisingly to laypeople JPMC hardly makes a dent measuring by AUM, but I’d like to see the total transaction value run through them tallied as a percentage of global GDP.
- credit_guy 4y agoHere’s a back of the envelope: the global GDP is about 100 Trillion USD [1]. The annual volume of Fedwire transactions is about 1 Quadrillion USD [2]. The Fed does not disclose volumes by bank, but let’s make the assumption they are roughly proportional with the AUM of the bank. JPMorgan has a 25% market share when calculated by AUM [3]. So a rough approximation would be that the volume of Fedwire transactions where JPMorgan is one of the counterparties is more than twice the global GDP. [1] https://en.m.wikipedia.org/wiki/Gross_world_product https://en.m.wikipedia.org/wiki/Gross_world_product [2] https://www.frbservices.org/resources/financial-services/wires/volume-value-stats/annual-stats.html https://www.frbservices.org/resources/financial-services/wir... [3] https://www.statista.com/statistics/727548/market-share-top-banks-thrifts-usa-by-assets/ https://www.statista.com/statistics/727548/market-share-top-...