Bankof America – How XVAs hit top US banks’ trading revenues in 2020
Valuation adjustments (XVAs) to systemic US banks’ derivatives portfolios – caused by swings in their own creditworthiness and that of their clients through the coronavirus crisis – had a disparate impact on 2020 revenues, Risk Quantum analysis shows.
Of the six major Wall Street derivatives dealers, four – Bank of America, Citi, Goldman Sachs and JP Morgan – disclosed the impact of credit, funding and debit valuation adjustments (CVA, FVA, DVA) on their trading revenues for 2020 and prior
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Bankof America – How XVAs hit top US banks’ trading revenues in 2020
See also Chase Online.
How to Send Money Online.
Partner Banking News.
