JPMORGAN CHASE & CO

JPMorgan Chase & Co. is one of the world’s oldest financial institutions. It was founded in New York in 1799, when the Bank of the Manhattan Co., a predecessor, was created. Tracing its lineage, the Chase Manhattan Bank, which would merge with J.P. Morgan & Co. at the turn of the millennia, was formed out of the merger between Chemical Bank and the Chase Manhattan Bank in 1996. This momentous event was a merger that essentially combined four major money center banking institutions of New York City; J.P. Morgan, Chase, Chemical, and Manufacturers Hanover. The current company is a series of further mergers, Including Bank One in 2004, Bear Stearns in 2008, and Washington Mutual in 2008 as well as the original JPMorgan Chase that was formed in 2000. Today, the JPMorgan Chase & Co. company is an enormous institution that has operations in over 60 countries, with its corporate headquarters located in NYC, and focusing on six major businesses. The Investment Bank focuses on corporations, financial institutions, governments, and institutional investors as clients. The Retail Financial Services focuses on the needs of the consumers and businesses, including such products and services such as credit cards, home finance, auto finance, home equity loans, education finance, and insurance. Chase Card Services is one of the largest credit card firms in the nation and offers options for individuals, small businesses, and partner organizations. Commercial Banking focuses on delivering great product capabilities such as lending, treasury services, and asset management to corporations, municipalities, financial institutions and not-for-profit entities. Treasury and Securities services provides supporting services for institutional clients worldwide. Asset Management serves both individuals and institutions, operating in every major market globally. JPMorgan Chase & Co. now serves millions of clients all over the world, acting as a leader in all six of its major businesses and employing almost a quarter million employees who manage $2.6 total assets. Its current most notable mutual funds include the Growth Advantage Fund and International Value Fund and ETFs include iShares Financial and Financial Sector.