Key facts
- US global systemically important banks' (G-Sibs) non-bank assets surpassed $7 trillion in Q1 2026.
- This represents a record $625 billion quarterly increase.
- The total crossed the $6 trillion mark just one year prior.
- All eight US G-Sibs reported higher non-bank exposures.
- Morgan Stanley saw the largest dollar-value increase in non-bank assets.
Non-bank assets held by U.S. global systemically important banks (G-Sibs) surpassed $7 trillion for the first time in the first quarter of 2026. This significant increase was driven by a record quarterly rise of $625 billion. The total crossed the $6 trillion threshold just one year prior, indicating a rapid expansion in these exposures. All eight U.S. G-Sibs reported an increase in their non-bank asset holdings. Morgan Stanley recorded the largest growth in dollar terms among these institutions.