Goldman VAR drops again in third quarter
The firm’s average daily VAR dropped $11 million (17%) to $53 million
Trading risk at Goldman Sachs fell for the third consecutive quarter following reduced demand for bonds and equities handled by the investment bank.
The firm’s average daily value-at-risk (VAR) dropped $11 million (17%) to $53 million at end-September, its lowest since the year-ago quarter.
Of total VAR, interest rate risk dropped to $41 million from $48 million, equity price risk to $28 million from $33 million, and commodity risk to $10 million from $13 million.
Currency rate risk
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