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Chase |
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JPMorgan Chase's corporate headquarters are in New
York City. Our retail financial services and
commercial banking headquarters are in Chicago.
Our major legacy institutions- J.P. Morgan, Chase
Manhattan, Chemical, Manufacturers Hanover, Bank
One, First Chicago, and National Bank of Detroit-
contributed significantly to the development of
communities worldwide. Our corporate history is
intertwined with innovations in finance and the
globalization of the world economy.
Key
transactions leading up to the formation of
JPMorgan Chase include the following:
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In 1991, Chemical Banking Corp. combined with
Manufacturers Hanover Corp., keeping the name
Chemical Banking Corp., then the second-largest
banking institution in the United States.
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In 1995, First Chicago Corp. merged with
National Bank of Detroit's parent NBD Bancorp.,
forming First Chicago NBD, the largest banking
company based in the Midwest.
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In 1996, Chase Manhattan Corp. merged with
Chemical Banking Corp., creating what was then
the largest bank holding company in the United
States.
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In 1998, Banc One Corp. merged with First
Chicago NBD, taking the name Bank One Corp.
Merging subsequently with Louisiana's First
Commerce Corp., Bank One became the largest
financial services firm in the Midwest, the
fourth-largest bank in the U. S. and the world's
largest Visa credit card issuer.
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In 2000, J.P. Morgan & Co. merged with Chase
Manhattan Corp., in effect combining four of the
largest and oldest money center banking
institutions in New York City (J.P. Morgan,
Chase, Chemical and Manufacturers Hanover) into
one firm called J.P. Morgan Chase & Co.
These mergers culminated in July 2004 with the
joining of J.P. Morgan Chase & Co. and Bank One
Corp. to form today's JPMorgan Chase &Co.
Fortune magazine said "the combined bank will be
big and strong in a panoply of businesses," adding
that "the deal has been widely lauded" by
investment analysts. The New York Times said the
merger "would realign the competitive landscape
for banks" by uniting the investment and
commercial banking skills of J.P. Morgan Chase
with the consumer banking strengths of Bank One.
About Us
JPMorgan Chase & Co. (NYSE: JPM) is a leading
global financial services firm with assets of $1.4
trillion and operations in more than 50 countries.
Profile
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Is a leader in investment banking, financial
services for consumers, small business and
commercial banking, financial transaction
processing, asset management, and private equity
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Reports on six lines of business: Investment
Bank, Retail Financial Services, Card Services,
Commercial Banking, Treasury & Securities
Services and Asset Management
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Manages centrally the interest rate risk and
liquidity risk associated with the company's
enhanced balance sheet with the objective of
maximizing return
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Creates long-term value for the firm through
our private equity capabilities,
One
Equity Partners
Is a component of the Dow Jones Industrial
Average
Has corporate headquarters in New York and
U.S. consumer and commercial banking headquarters
in Chicago
Under the JPMorgan and Chase brands, the firm
serves millions of consumers in the United States
and many of the world's most prominent corporate,
institutional and government clients.
Our Brands
JP Morgan Chase
JPMorgan Chase is the brand used to express
JPMorgan Chase & Co., which includes all of the
firm's subsidiaries, and is also used by our
Treasury Services
business and our
Community Development Group.
JP Morgan
JPMorgan clients include the world's most
prominent corporations, governments, wealthy
individuals and institutional investors. The
following businesses use the JPMorgan brand:
Chase
The U.S. consumer and commercial banking
businesses serve customers under the Chase brand.
The consumer businesses include:
The commercial banking businesses include:
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Middle Market
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Corporate
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Commercial Real Estate
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Business Credit
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Equipment Leasing
Community Partnership
The brands JPMorgan Chase, JPMorgan and Chase
are currently used in the marketplace to deliver
community partnership capabilities around the
world.
Leadership in community
partnership is part of the enduring culture of
JPMorgan Chase.
Central to our history and culture is the
principle of working to improve the communities we
serve. In 2005, JPMorgan Chase:
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Provided $4 billion in community-development
lending and investing for housing and economic
development in low- and moderate-income
communities.
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Contributed nearly $112 million to thousands
of not-for-profit organizations around the world
that have both the know-how and demonstrated
ability to get things done.
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Adopted a comprehensive environmental policy
that applies high standards to our global
business activities.
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Connected tens of thousands of employees with
volunteer opportunities in their communities.
The following capabilities support our
interaction with communities and with each other
and guide our efforts to be a responsible
corporate citizen:
Office of Environmental Affairs
Diversity programs for employees and
suppliers
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