Understanding bank equity trading books and VaR loss days

21 September 2026BanksBank of America, equity trading, Goldman Sachs, Value-at-risk, VARNick Dunbar

New Risky Finance visualisations show how risk levels fell at US banks, while holdings of cash equities and equity reached new records in Q2 2026

JPMorgan’s securities financing book surged before the Jane Street loss

21 September 2026BanksBasel Endgame, Federal Reserve, JP Morgan, Pillar 3, securities financingNick Dunbar

JPMorgan’s securities financing exposure grew 35% in the first half of 2026, just before Jane Street’s $15 billion loss put bank exposures to trading firms under Fed and Bank of England scrutiny. The Fed’s own capital proposals would end the disclosures that reveal it.

The Odyssey, AGI and the bicameral mind

16 September 2026Book ReviewsAnthropic, artificial intelligence, fluid mechanics, generative AI, large language models, OpenAI, The Odyssey, turbulenceNick Dunbar

What does humanity’s fast-evolving relationship with large language models have to do with Christopher Nolan’s movie and a half-forgotten psychological theory from the 1970s?

How Japan is changing, in two charts

26 March 2026EconomicsJapanNick Dunbar

Japan’s financial markets are undergoing profound change and this can be seen in two new visualisations

Playing MSCI’s quarterly rebalances

4 March 2026Stocksequity trading, index rebalancing, MSCINick Dunbar

Every quarter, MSCI’s index rebalancing announcements offer a potential windfall to traders who take positions in added or deleted stocks. A Risky Finance visualisation shows how it works.

How the S&P 500 moved into hyperspace

5 January 2026StocksAnthropic, Nvidia, OpenAINick Dunbar

Two new visualisations show how AI transformed the S&P 500, and will continue to do so in the future

iBoxx top movers

7 December 2025UncategorizedNick Dunbar

Understanding Goldman’s $687m trading loss

30 December 2024Banks, Risk CommentaryBasel rules, Federal Reserve, Goldman Sachs, Value-at-riskNick Dunbar

The bank may look profitable to shareholders, but disclosures compiled by Risky Finance made it possible to uncover the story of this trading loss at Goldman Sachs