Difference between revisions of "JPMorgan Chase"

From Wikispooks
Jump to navigation Jump to search
(image)
(Formatting)
Line 9: Line 9:
 
'''JPMorgan Chase & Co.''' is the largest bank in the United States, with total assets of US$2.415 trillion. It is a major provider of financial services, and according to ''Forbes'' magazine is the world's third largest public company based on a composite ranking.<ref>{{Cite news|title=The World's Biggest Companies|url=http://www.forbes.com/global2000/ |work=Forbes |date=April 18, 2012|accessdate=July 17, 2011}}</ref> The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.<ref>{{cite web |url=http://www.marketfolly.com/2011/03/top-10-biggest-hedge-funds-in-2010.html|title=World's Largest Hedge Funds|work=Market Folly}}</ref> The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.<ref name=JPMH>{{cite web |url=http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history.htm|title=History of Our Firm|publisher=JPMorganChase}}</ref>
 
'''JPMorgan Chase & Co.''' is the largest bank in the United States, with total assets of US$2.415 trillion. It is a major provider of financial services, and according to ''Forbes'' magazine is the world's third largest public company based on a composite ranking.<ref>{{Cite news|title=The World's Biggest Companies|url=http://www.forbes.com/global2000/ |work=Forbes |date=April 18, 2012|accessdate=July 17, 2011}}</ref> The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.<ref>{{cite web |url=http://www.marketfolly.com/2011/03/top-10-biggest-hedge-funds-in-2010.html|title=World's Largest Hedge Funds|work=Market Folly}}</ref> The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.<ref name=JPMH>{{cite web |url=http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history.htm|title=History of Our Firm|publisher=JPMorganChase}}</ref>
  
 +
==The Brand==
 
The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, J.P. Morgan Asset Management, private banking, private wealth management and treasury & securities services divisions. Trust law activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York, U.S.; and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, U.S.<ref name=JPMH/> JPMorgan Chase & Co. is considered to be a universal bank.
 
The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, J.P. Morgan Asset Management, private banking, private wealth management and treasury & securities services divisions. Trust law activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York, U.S.; and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, U.S.<ref name=JPMH/> JPMorgan Chase & Co. is considered to be a universal bank.
  
 +
==Big Four==
 
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo.<ref name="CNNmoneyb4">{{cite news |url=http://money.cnn.com/2009/02/27/news/economy/tully_banks.fortune/index.htm?source=yahoo_quote |title=Will the banks survive? |last=Tully |first=Shawn |date=February 27, 2009 |publisher=Fortune Magazine/CNN Money |accessdate=December 17, 2009}}</ref><ref name="USATodayb4">{{cite news |url=http://www.usatoday.com/money/companies/earnings/2008-10-16-citigroup_N.htm |title=Citigroup posts 4th straight loss; Merrill loss widens |date=October 16, 2008 |agency=Associated Press |accessdate=December 17, 2009 | work=USA Today}}</ref><ref name="Forbesb4">{{cite news |url=http://www.forbes.com/feeds/afx/2009/08/21/afx6803343.html |title=Big banks still hold regulators hostage |last=Winkler |first=Rolfe |date=August 21, 2009 |publisher=Reuters, via Forbes.com |accessdate=December 17, 2009}}</ref><ref name="SFCb4">{{cite news |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/17/BURD146AIA.DTL |title=Bay Area job losses likely in Citigroup layoffs |last=Temple |first=James |author2=The Associated Press|date=November 18, 2008|work=The San Francisco Chronicle |accessdate=December 17, 2009}}</ref><ref name="NYTimesb4">{{cite news |url=http://www.nytimes.com/2007/08/23/business/23discount.html |title=4 Major Banks Tap Fed for Financing |last=Dash |first=Eric |date=August 23, 2007|work=The New York Times |accessdate=December 17, 2009}}</ref><ref name="SanFranb4">{{cite news |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/24/BUST14B71M.DTL |title=Citigroup gets a monetary lifeline from feds |last=Pender |first=Kathleen |date=November 25, 2008|work=The San Francisco Chronicle |accessdate=December 17, 2009}}</ref> According to Bloomberg, as of October 2011, JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.<ref>{{cite news| url=http://www.bloomberg.com/news/2011-10-18/bank-of-america-loses-no-1-ranking-by-assets-to-jpmorgan-chase.html | work=Bloomberg | first=Hugh | last=Son | title=BofA Loses No. 1 Ranking by Assets to JPMorgan as Chief Moynihan Retreats | date=October 18, 2011}}</ref> Its predecessor, the Bank of the Manhattan Company, was the 22nd oldest bank in the world.
 
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo.<ref name="CNNmoneyb4">{{cite news |url=http://money.cnn.com/2009/02/27/news/economy/tully_banks.fortune/index.htm?source=yahoo_quote |title=Will the banks survive? |last=Tully |first=Shawn |date=February 27, 2009 |publisher=Fortune Magazine/CNN Money |accessdate=December 17, 2009}}</ref><ref name="USATodayb4">{{cite news |url=http://www.usatoday.com/money/companies/earnings/2008-10-16-citigroup_N.htm |title=Citigroup posts 4th straight loss; Merrill loss widens |date=October 16, 2008 |agency=Associated Press |accessdate=December 17, 2009 | work=USA Today}}</ref><ref name="Forbesb4">{{cite news |url=http://www.forbes.com/feeds/afx/2009/08/21/afx6803343.html |title=Big banks still hold regulators hostage |last=Winkler |first=Rolfe |date=August 21, 2009 |publisher=Reuters, via Forbes.com |accessdate=December 17, 2009}}</ref><ref name="SFCb4">{{cite news |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/17/BURD146AIA.DTL |title=Bay Area job losses likely in Citigroup layoffs |last=Temple |first=James |author2=The Associated Press|date=November 18, 2008|work=The San Francisco Chronicle |accessdate=December 17, 2009}}</ref><ref name="NYTimesb4">{{cite news |url=http://www.nytimes.com/2007/08/23/business/23discount.html |title=4 Major Banks Tap Fed for Financing |last=Dash |first=Eric |date=August 23, 2007|work=The New York Times |accessdate=December 17, 2009}}</ref><ref name="SanFranb4">{{cite news |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/24/BUST14B71M.DTL |title=Citigroup gets a monetary lifeline from feds |last=Pender |first=Kathleen |date=November 25, 2008|work=The San Francisco Chronicle |accessdate=December 17, 2009}}</ref> According to Bloomberg, as of October 2011, JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.<ref>{{cite news| url=http://www.bloomberg.com/news/2011-10-18/bank-of-america-loses-no-1-ranking-by-assets-to-jpmorgan-chase.html | work=Bloomberg | first=Hugh | last=Son | title=BofA Loses No. 1 Ranking by Assets to JPMorgan as Chief Moynihan Retreats | date=October 18, 2011}}</ref> Its predecessor, the Bank of the Manhattan Company, was the 22nd oldest bank in the world.
  

Revision as of 21:29, 28 December 2014

Group.png JPMorgan Chase   WebsiteRdf-entity.pngRdf-icon.png
JPM-worried.jpg
Type commercial
Interest ofEdward R. Stettinius Sr.
Member ofAtlantic Council/Corporate Members, Council on Foreign Relations/Corporate Members, Transatlantic Policy Network, WEF/Strategic Partners
Exposed byAlayne Fleischmann
Subpage•JPMorgan Chase/Premature Deaths
A multinational banking and financial services holding company

JPMorgan Chase & Co. is the largest bank in the United States, with total assets of US$2.415 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's third largest public company based on a composite ranking.[1] The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.[2] The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[3]

The Brand

The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, J.P. Morgan Asset Management, private banking, private wealth management and treasury & securities services divisions. Trust law activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York, U.S.; and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, U.S.[3] JPMorgan Chase & Co. is considered to be a universal bank.

Big Four

JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo.[4][5][6][7][8][9] According to Bloomberg, as of October 2011, JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.[10] Its predecessor, the Bank of the Manhattan Company, was the 22nd oldest bank in the world.

Alayne Fleischmann

Full article: Alayne Fleischmann

On November 6, 2014, an article by Matt Taibbi in Rolling Stone named Alayne Fleischmann as a lawyer who was "the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public."[11]

 

Related Quotation

PageQuoteAuthorDate
Robert A. Taft“Every Republican candidate for president since 1936 has been nominated by the Chase National Bank”Robert A. Taft1952

 

Employees on Wikispooks

EmployeeJobAppointedEndDescription
Andrew CrockettSpecial Advisor to the Chairman and a member of the Executive Committee20032012dates are approximate
Graham JealAssociate in Equities Research19992002
Lewis Thompson PrestonBanker19511959
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.


References

  1. ↑ {{URL|example.com|optional display text}}
  2. ↑ "World's Largest Hedge Funds". Market Folly.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "Scribunto").
  3. ↑ a b "History of Our Firm". JPMorganChase.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "Scribunto").
  4. ↑ {{URL|example.com|optional display text}}
  5. ↑ {{URL|example.com|optional display text}}
  6. ↑ {{URL|example.com|optional display text}}
  7. ↑ {{URL|example.com|optional display text}}
  8. ↑ {{URL|example.com|optional display text}}
  9. ↑ {{URL|example.com|optional display text}}
  10. ↑ {{URL|example.com|optional display text}}
  11. ↑ http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106
Wikipedia.png This page imported content from Wikipedia on 2 June 2014.
Wikipedia is not affiliated with Wikispooks.   Original page source here


57px-Notepad icon.png This is a page stub. Please add to it.

Retrieved from "https://wikispooks.com/w/index.php?title=JPMorgan_Chase&oldid=56452"