Large US banks pile up CVA charges amid tariff shock
JP Morgan’s CVA risk-weighted assets saw largest jump in second quarter since Covid-19
Capital requirements for credit valuation adjustment (CVA) surged 14.1% at top US dealers in the second quarter, with JP Morgan and Goldman Sachs leading the pack.
CVA risk-weighted assets (RWAs) across the country’s eight global systemically important banks totalled $279 billion as of end-June, a $34.4 billion rise on end-March and the highest aggregate since Q3 2022.
JP Morgan’s RWAs climbed 20.9
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