JP Morgan Chase and Company is an American multinational investment bank and financial services company. It is the largest bank in the United States and the sixth largest (by total assets) in the world. JP Morgan is one of the nine ‘bulge bracket’ banks, companies deemed to have the most influence on global financial markets, and one of America’s ‘Big Four’ – the others being Wells Fargo, Citigroup and Bank of America.
JP Morgan Chase was formed from a host of mergers and acquisitions; the oldest of these predecessors is the Bank of the Manhattan Company, started in 1799. Since that time some 11 further financial institutions have merged and combined to form the bank as it is today. The bank has been named JP Morgan Chase since 2000 when JP Morgan and Co merged with Chase Manhattan Corporation. International operations began in the late 19th century in Australia; the bank now operates on all five continents in countries including Japan, India, Russia, Poland, Greece, Taiwan and Indonesia.
As of 2017, the hedge fund of JP Morgan Chase is the fourth largest in the United States. The bank is headquartered in New York City. In the UK, the bank is based in London and is known as JP Morgan.
JP Morgan Products and Services
There are five primary strands to the JP Morgan business:
Markets and investor services
JP Morgan is one of the largest asset management firms in the world, working with individuals, families and institutions.
Investment banking customers have access to a wealth of knowledge in services including:
Equity and debt capital markets
Mergers and acquisitions
The treasury services arm also offers a comprehensive services portfolio, including escrow, payments and foreign exchange, receivables and liquidity.
When it comes to markets and investor services, JP Morgan offers clients bespoke solutions aimed at mitigating risk and optimising efficiency with services including prime brokerage, futures clearing, securities, collateral management, securities lending and fund services. These products are aimed mostly at asset managers, pension funds, banks and dealers and alternative investors.
JP Morgan Security
Extensive security and privacy information is freely available on the JP Morgan website.