Equity risk amps up Citi’s VAR charges
Requirements connected to equity positions jumped 49% quarter-on-quarter
Citi’s value-at-risk capital charges soared in the fourth quarter of 2018, with requirements for equity positions alone spiking 49% over the period.
The bank’s total VAR-based capital charge hit $461 million at end-December, up $140 million (44%) quarter-on-quarter, and $119 million (35%) on a year ago. The stressed VAR-based requirement also leapt 44% to $809 million in the last quarter, but was
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