FIG Question - Balance Sheet BB banks BAML

Hi,

Often people are saying the big balance sheet of BAmL and JPM and Citi will enable them to win business.

Question on this point. Before Crisis 2007 UBS Total Assets was similar to BAML 's current Total assets i.e. c. 2,300$ billion.

Why were they never a big lender ? Is it because their assets are mainly wealth management /Asset Management assets and not deposits ?

Can banks use wealth management/asset management asset to win business or are they different from deposits?

Can we assume that once the wealth management monies flow back to UBS and the Balance sheet recovers to 2,000 $billion UBS will have the same balance sheet capacity to win business as BAML?

Thanks

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2 Comments

roar19

ER

15y

new fags can't do basic balance sheet accounting.

AUM are not held on the balance sheet. Banks do not directly own those assets.

Deposits are held on the liability portion of the BS, and therefore are used to fund loans which are on the asset side. Banks can not use AUM to fund loans. Their only funding sources are: deposits, shot-term borrowings (FHLB advances, repos, etc), and long-term debt (i.e. TruPS).

What do you mean "win business"?

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Smokey, this is not 'Nam, this is bowling. There are rules.

Anonymous Monkey

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FIG Question - Balance Sheet BB banks BAML

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FIG Question - Balance Sheet BB banks BAML

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