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- Company: JP Morgan Chase
- Industry: Financial Services
- Merger: Formed by the merging of Chase Manhattan Corporation and JP Morgan & Co. in 2000
- Financial Assets: $2.1 trillion
- Market Capitalization: Features the largest market capitalization and deposit base of any banking institution in the United States
- Hedge Fund: Largest Hedge Fund in the United States
- Four Big Banks: JP Morgan Chase is considered one of the four big banks in the U.S., along with Wells Fargo, Citigroup and Bank of America
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JP Morgan Chase is one of the world's oldest and most respected financial services firms with $2.1 trillion in assets and operations in more than 60 countries. Founded in 2000 after the merger of Chase Manhattan Corporation and JP Morgan & Co., JP Morgan Chase has the largest market capitalization and deposit base of any banking institution in the United States.
In June 2009, JP Morgan Chase paid back $25 billion of the money they had borrowed from the U.S. government through the Troubled Assets Relief Program.Bloomberg: JPMorgan, Goldman Sachs Among 10 Banks That Repaid Rescue Funds (June 17, 2009)
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JP Morgan Chase Questions
Why was Bears Stearns forced to merge with JP Morgan Chase? 1 Answerbecause it would have otherwise filed for bankruptcy which forced it to merge because otherwise the firm would have ceased to operate...they were a top 10 playe... read more
What were the revenue sources of the $27 billion for JP Morgan? 1 Answerjp 15 bn retail banking 15 bn credit cards 18 bn investment banking whatever's left...other gs 9 bn trading 8 bn asset management 5 bn investment banking read more
Did JP Morgan and Goldman Sachs profit in the 2008 CDS market as the financial system destabilized? 1 Answerparts of their business did yes...but the more important take away is that they both lost money in their credit business read more -
Subsidiaries
Competitive Investment Services
- Credit Suisse
- Bear Stearns
- Goldman Sachs
- Lehman Brothers
- Merrill Lynch
- UBS
- ING
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