JP Morgan Unit Has $100 Billion Of Risky Bonds - FT

Date : 05/17/2012 @ 8:03PM
Source : Dow Jones News
Stock : JP Morgan Chase & Co. (JPM)
Quote : 111.92  0.2 (0.18%) @ 10:23AM
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JP Morgan Unit Has $100 Billion Of Risky Bonds - FT

JP Morgan Chase (NYSE:JPM)
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J.P. Morgan Chase & Co.'s (JPM) chief investment office, the unit at the center of the bank's trading loss estimated at over $2 billion, has been the biggest buyer of European mortgage-backed bonds and other complex debt securities for past three years, building up positions totalling more than $100 billion in asset-backed securities and structured products, the Financial Times reported Friday, citing senior traders and credit experts.

The company declined comment, according to the report.

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