JPMorgan tops list of risky banks in US govt study

Washington

JPMORGAN Chase & Co bears the highest potential hazard to the financial system if it were to fail, a staff study released by a US government research agency showed, providing a first-of-its-kind numerical risk ranking of US banks.

The bank had a "systemic risk score" of 5.05 per cent for 2013 in a group of 33 large US bank holding companies, the study by staffers at the Treasury Department's Office of Financial Research (OFR) said.