skopros

Rating the Top 12 U.S. Banks - From Hidden Gems to Zombies

Martin--i admire and follow your work here and at prudent bear, but i wonder how JPM comes out so strongly in your estimate when in a recent OCC report, it heads the list in table after table of credit risk due to notional derivative values ($175 plus Trillion total for top 25 banks).

it's total exposure seems to be some $87.6 Trillion.

Granted, not all the value falls to zero but isn't this a really worrying level of exposure to derivative risk?