Taking a Look at JP Morgan Chase

620 WordsFeb 26, 20182 Pages
The earliest known predecessor known to JPMorgan Chase is in 1799 when it was chartered in New York City. In 1784 Alexander Hamilton created the first National Bank. Then in 1799 Hamilton’s rival Aaron Burr a U.S senator and future vice president founded the Bank of Manhattan Co. Over the years starting in 1991 many big companies started to merge together creating giant corporations. In 1991 Manufacturers Hanover Corp. merged with Chemical Banking Corp. From then until 2000 many other companies were to merge and in 2000 J.P. Morgan & Co. Incorporated merged with The Chase Manhattan Corp combining four of the largest and oldest money center banking institutions in New York City. JPMorgan Chase is one of the leading global financial services with operations in over 50 countries. It serves millions of consumers and many of the worlds most prominent corporations and institutions. JPMorgan’s chase six major businesses are investment bank, Retail Financial Bank, Card Services, Commercial Banking, Treasury and Security Services, and Asset manager. Investment banking is what they offer their clients certain banking investment products and services in all major capital markets(change). Retail Financial Banking is when Chase helps meet the financial needs of consumers and businesses. Next, Card Services is what Chase offers their clients credit cards, debit, etc(expand more). Commercial Banking is like what you see out in the real world. JPMorgan Chase has branches to serve the

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