FT: JPMorgan Unit Holds $100 Billion of Risky Bonds

“The unit at the center of JPMorgan Chase & Co.’s recently revealed $2 billion trading loss has built up more than $100 billion in positions in asset-backed securities and structured products, the Financial Times said.

The newspaper said this portfolio comprises the “complex, risky bonds at the center of the financial crisis in 2008,” but did not say whether any of the holdings are in unhedged positions.”

Full article