29-08-2017, 11:45 AM
JPMorgan Chase & Co. is a multinational banking and financial services company based in New York. It is the largest bank in the United States, the third largest bank in the world by total assets, with total assets of US $ 2.5 billion and the most valuable bank in the world by market capitalization, surpassing ICBC. It is a major provider of financial services, and according to Forbes magazine is the sixth largest public company in the world based on a composite ranking. JPMorgan Chase's hedge fund unit is the second largest hedge fund in the United States. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
The J.P. Morgan, known historically as Morgan, is used by the divisions of investment banking, asset management, private banking, private equity management and treasury and securities services. Fiduciary activity within private banking and private wealth management is conducted under the aegis of JPMorgan Chase Bank, N.A., the Royal Fiduciary. 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. Both the retail and commercial bank and the bank's corporate headquarters are located at 270 Park Avenue in Midtown Manhattan, New York. JPMorgan Chase & Co. is considered a universal bank and custodian bank. As of 2016, JPMorgan Chase is one of the four largest banks in the United States, followed by Bank of America, Citigroup and Wells Fargo.
The J.P. Morgan, known historically as Morgan, is used by the divisions of investment banking, asset management, private banking, private equity management and treasury and securities services. Fiduciary activity within private banking and private wealth management is conducted under the aegis of JPMorgan Chase Bank, N.A., the Royal Fiduciary. 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. Both the retail and commercial bank and the bank's corporate headquarters are located at 270 Park Avenue in Midtown Manhattan, New York. JPMorgan Chase & Co. is considered a universal bank and custodian bank. As of 2016, JPMorgan Chase is one of the four largest banks in the United States, followed by Bank of America, Citigroup and Wells Fargo.