JP Morgan's repo book bulged at year end
US bank added $101 billion of repo assets in three months to end-December
JP Morgan piled into the repo trade at end-2018, increasing gross assets 16% over the last quarter of the year to $730 billion.
Total gross repo assets across the eight US global systemically important banks (G-Sibs) were $2.5 trillion at end-2018, up 8% on end-September and 17% on the year-ago quarter.
JP Morgan posted far and away the largest quarterly increase – $102 billion. Bank of America
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