JPM issuance vehicle posts 2020 profit, monitors Libor fallbacks

J.P. Morgan Structured Products B.V. has posted a profit after tax of US$22.3m for the financial year 2020, slightly down from the previous year (2019: US$22.6m). Fee and commission income stood at US$21.8m for the year, an 80% increase compared to 2019, when the figure was US$12.1m. Even though the company operates in three geographic regions (Emea, Americas and Apac), all fee and commission income was received from J.P. Morgan Chase undertakings within the Emea region. Total assets for the y