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JPMorgan Chase & Co slightly raised its commodity trading risk for the first time since last spring in the fourth quarter, even as it exits the physical commodities trading business, its quarterly results showed on Tuesday. Value-at-Risk in commodities at JPMorgan, the largest U.S. bank, rose to $15 million in the fourth quarter, from $13 million, unchanged during the previous two quarters, and up $1 million from the fourth quarter of 2012. The bank said in July it would sell its physical commodities business, and expects to complete a sale in the first quarter of 2014.
|JPMorgan Commodity Risk Higher In Fourth-quarter|
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