

Bank of America’s VAR drops 19% in Q4
Average one-day trading VAR falls to lowest point since Q1 2020
Trading risk at Bank of America fell sharply over the last three months of 2021, hitting the lowest quarterly average since the early stages of the pandemic.
Daily value-at-risk (VAR) – management’s gauge of the most the trading desk could lose on any given day – averaged $63 million during Q4, down 19% from Q3’s $78 million and the lowest since Q1 2020.
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The drop coincided with an 8% decline in trading-related assets at the global markets division, to $491.2 billion at end-December.
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