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Mergers and acquisitions still got done and US commercial and industrial loans jumped by the most in more than three years.
Goldman Sachs increased its risk-weighted assets by 14%, the highest quarterly jump in over three years.
KEY POINTS
- Goldman Sachs allowed traders to take significantly more risk, raising its value-at-risk 40% quarter-on-quarter.
- JPMorgan had record revenue without increasing its risk, keeping value-at-risk roughly flat.
- Goldman expects to benefit from proposed Fed rules cutting capital requirements for big US banks by 5%.
- JPMorgan claims those rule changes would actually require it to hold 4% more capital, costing $20 billion.
COMPANIES
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