JPMorgan Chase

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Group.png JPMorgan Chase   Powerbase Sourcewatch
JPM-worried.jpg
Predecessor • J.P. Morgan & Co.
• Chase Manhattan Bank
Type commercial
Headquarters New York City, New York, U.S.
Leader JPMorgan_Chase/CEO
Subgroups • J.P. Morgan Cazenove
• Equity Partners
Staff 265,359
Website http://www.jpmorganchase.com
Exposed by Alayne Fleischmann
SubpageJPMorgan 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]

Chairman, president and CEO of the bank since 31 December 2006 is Jamie Dimon.[4]

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.[5][6][7][8][9][10] According to Bloomberg, as of October 2011, JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.[11] 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."[12]

Premature Deaths

Full article: Stub class article JPMorgan Chase/Premature Deaths

Perhaps even more than the other large financial organisations, in recent years JPMorgan Chase has an unenviable reputation for premature deaths amongst its staff. These are typically portrayed as individual suicides or murder/suicides. The context and roles of the victims are never explored in depth by the commercially-controlled media.


References

  1. "The World's Biggest Companies". Forbes. April 18, 2012. Retrieved July 17, 2011. 
  2. "World's Largest Hedge Funds". Market Folly. 
  3. a b "History of Our Firm". JPMorganChase. 
  4. Document:Meet Team Trump
  5. Tully, Shawn (February 27, 2009). "Will the banks survive?". Fortune Magazine/CNN Money. Retrieved December 17, 2009. 
  6. "Citigroup posts 4th straight loss; Merrill loss widens". USA Today. Associated Press. October 16, 2008. Retrieved December 17, 2009. 
  7. Winkler, Rolfe (August 21, 2009). "Big banks still hold regulators hostage". Reuters, via Forbes.com. Retrieved December 17, 2009. 
  8. Temple, James; The Associated Press (November 18, 2008). "Bay Area job losses likely in Citigroup layoffs". The San Francisco Chronicle. Retrieved December 17, 2009. 
  9. Dash, Eric (August 23, 2007). "4 Major Banks Tap Fed for Financing". The New York Times. Retrieved December 17, 2009. 
  10. Pender, Kathleen (November 25, 2008). "Citigroup gets a monetary lifeline from feds". The San Francisco Chronicle. Retrieved December 17, 2009. 
  11. Son, Hugh (October 18, 2011). "BofA Loses No. 1 Ranking by Assets to JPMorgan as Chief Moynihan Retreats". Bloomberg. 
  12. http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106
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