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>> JAMIE DIMON Latest News

APR 12, 2013 - Zero Hedge

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JPMorgan Changes VaR Calculation For Fourth Time In Past Year

Earlier today, as part of our JPM earnings recap we observed that "VaR plunged from $106 to $62" and wondered if it was just just "another excel copy/paste error" which as we reported previously, is what JPM's internal audit attributed much of the confusion surrounding JPM's VaR calculation around the time the London Whale blow up nearly doubled the firm's VaR. Because it is always better to blame a clueless intern for botching Excel than to put the blame where it rightfully belongs.  It turns out that as frequently happens, there was a dose of financial surreality behind the humor. As ... Read More

Tags: JPMorgan Changes VaR Calculation For Fourth Time In Past Year,  Jamie Dimon Latest News