Comerica’s VAR multiplier spikes following eight breaches in Q2

Worst one-day trading loss at Dallas-based company was six times as large as its forecast

Trading risk gauges at Comerica were blindsided by market swerves in the second quarter, triggering higher capital requirements.

Comerica breached VAR eight times in the three months to end-June. The bank reported peak daily losses 616%, 570% and 497% larger than its own VAR model estimated.

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