JPMorgan tops list of risky banks in US govt study
Citigroup ranks second in amount of havoc it could unleash if it were to fail; BOA is third
Add BT as a preferred source
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.
TRENDING NOW
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
Singapore banks’ battle for wealth talent goes beyond private bankers
Car dealer charged in S$1.1 million tax evasion case involving Porsches, Ferraris, Rolls-Royces
Vietnam’s island megaproject races towards Apec deadline, but demand test looms
