Heightened systemic risks.
Bloomberg News reports that the tally published on the Fed’s website Thursday listed the four largest U.S. lenders, the biggest clearing and custody banks such as Bank of New York Mellon, and Wall Street firms Goldman Sachs and Morgan Stanley.
Other members are insurer American International Group, the General Electric Capital and four of Europe’s largest financial companies.
The firms 'may pose elevated risks to U.S. financial stability', the central bank said. They’ll be examined by the Large Institution Supervision Coordinating Committee, a cross-disciplinary unit of economists, supervisors, lawyers and payment systems experts looking for trends and risks shared across these firms.
Citigroup, Wells Fargo, State Street, Prudential Financial, Barclays, Credit Suisse, Deutsche Bank and UBS round off the list.
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