JP Morgan’s structured products vehicle reports healthy profit for half year 2019

JP Morgan Structured Products BV has posted a profit of US$8.7m after tax for the first half of 2019, up from US$2.1m in the same period last year. Financial liabilities designated at fair value through profit and loss included short-term and long-term structured notes worth US$20.7 billion as of June 30 2019 (December 31 2018: US$17.4 billion). Total financial liabilities stood at US$24.9 billion, according to the company’s interim results. The SRP database registers 378 structured prod