JPMorgan Chase

JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, and the world's sixth largest bank by total assets, with total assets of US$2.6 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.The hedge fund unit of JPMorgan Chase 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 brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities services divisions. Fiduciary 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 is located at 270 Park Avenue in Midtown Manhattan, New York City. The retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, U.S. JPMorgan Chase & Co. is considered to be a universal bank.

JPMorgan Chase is one of the Big Four banks of the United States, along with Bank of America, Citigroup, and Wells Fargo.According to Bloomberg, as of October 2011, JPMorgan Chase had surpassed Bank of America as the largest U.S. bank by assets.

Contents

    1 History
        1.1 Chemical Banking Corporation
        1.2 Chase Manhattan Bank
        1.3 J.P. Morgan & Company
        1.4 Bank One Corporation
        1.5 Bear Stearns
        1.6 Washington Mutual
        1.7 2013 settlement
        1.8 Other recent acquisitions
        1.9 Acquisition history
        1.10 Recent News
    2 Structure
        2.1 JPMorgan Europe, Ltd.
    3 Financial data
    4 Operations
        4.1 History
    5 Lobbying
    6 Controversies
        6.1 National Mortgage Settlement
        6.2 Speculative trading
        6.3 Conflicts of interest on investment research
        6.4 Enron
        6.5 WorldCom
        6.6 Jefferson County, Alabama
        6.7 Failure to comply with client money rules in the UK
        6.8 Mortgage overcharge of active military personnel
        6.9 Truth in Lending Act litigation
        6.10 Alleged manipulation of energy market
        6.11 Criminal investigation into obstruction of justice
        6.12 Sanctions violations
        6.13 Mortgage-backed securities sales
        6.14 "Sons and Daughters" hiring program
        6.15 Madoff fraud
        6.16 Corruption investigation in Asia
        6.17 September 2014 cyber-attack
    7 Offices
    8 Credit derivatives
        8.1 Multibillion-dollar trading loss
    9 Art collection
    10 Major sponsorships
    11 Notable former employees
        11.1 Business
        11.2 Politics and public service
        11.3 Other
    12 See also
        12.1 Index products
    13 References
    14 External links