First Chicago Reports Market Risks For 1997


CHICAGO--First Chicago NBD has published details of its market risks in its recently released 1997 annual report. The bank reports an aggregate trading portfolio VAR of $33 million on December 31, 1997, a 21 per cent increase in market risk exposure compared to year-end 1996. Trading revenues decreased from $175 million in 1996 to $172 million in 1997, adds the report.

The bank attributes its higher risk and lower revenue figures to adverse market effects on its portfolio of US treasury

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