JPM dropped their total derivatives by $4T to be taken over by Goldman from Q3 to Q4 2022

CategoriesGamestop_, Issue 2023Q2
A quick analysis

I read this as a good thing. Chase is the largest bank in USA and it would be really sad (catastrophic even) if it goes down.

I hope Chase execs understand the threats posed by overleverage and derivatives, and took steps to reduce risk (at the cost of some profits, but hey that’s just how risk works).

They could have also been told, by political actors, to reduce their risk exposure(s). That would also have worked.

Since this is a step in the direction being advocated (avocadoed, anyone?) by apes, a step towards unwinding derivative positions, I encourage and praise it.

Lastly, a shoutout to ape u/  laflammaster who’s on top of things in pointing out this information.

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