Citigroup Overtakes JPMorgan as Top U.S. Derivatives Dealer
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Citigroup Inc. overtook JPMorgan Chase & Co. to become the largest derivatives dealer in the U.S.
The firm’s derivative contracts as measured on a notional basis were $56.6 trillion at the end of the first quarter, according to data compiled by the Office of the Comptroller of the Currency and released Monday. JPMorgan ranked second with $56.2 trillion and Goldman Sachs Group Inc. third with $52 trillion.