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JPM JP Morgan Chase and Co

193.44
1.58 (0.82%)
Pre Market
Last Updated: 13:43:34
Delayed by 15 minutes
Share Name Share Symbol Market Type
JP Morgan Chase and Co NYSE:JPM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.58 0.82% 193.44 7,903 13:43:34

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

18/05/2012 1:03am

Dow Jones News


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.

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

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