JPM JP Morgan Chase and Co

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.

Full story: http://www.ft.com/intl/cms/s/0/8ef035de-a043-11e1-88e6-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financials%2Ffeed%2F%2Fproduct#axzz1unCuRZlj