State Street had most losing trading days since 2015 in Q2
Systemic US banks rack up 220 losing days in second quarter
State Street had 38 days in the second quarter when it made a trading loss, its worst quarterly performance since Q4 2015. It also breached its value-at-risk limit one day in the quarter, when actual losses exceeded its modelled estimates by 142%.
All eight of the US global systemically important banks (G-Sibs) suffered more losing days in the second quarter than in the first.
In aggregate, they racked up 220 losing trading days over the three months to end-June, around 28 each on average
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