JP Morgan VAR surges 46% in Q4
The bank’s average VAR jumped $16 million to $51 million at end-December
JP Morgan’s trading risk lurched up to its highest level in almost three years in the last quarter of 2018.
The bank’s average daily value-at-risk jumped $16 million (46%) to $51 million at end-December, its highest since the first quarter of 2016.
The corporate and investment bank (CIB) unit, which includes the lion’s share of JP Morgan’s market-making activities, accounted for $49 million of trading VAR.
Of this amount, interest rate risk contributed $37 million, up from $30 million at end
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