Trading risks lurched higher at top US dealers in Q2

Top US banks’ trading loss estimates surged over the three months to end-June.

Average trading value-at-risk more than doubled quarter-on-quarter at JP Morgan, to $128 million.

Goldman Sachs’ VAR climbed 51% to $122 million in Q2, and Morgan Stanley’s 50% to $60 million.


Bank of America’s also spiked, to $81 million – up 69% on the prior quarter. 

BofA calibrates its management VAR to a 99% confidence interval, whereas JP Morgan, Goldman Sachs and Morgan Stanley use a 95% level

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