JPMorgan Chase Bank Review
JPMorgan Chase Bank serves private and business clients, and it is part of the financial group JPMorgan Chase & Co. The bank is one of the leaders in the global financial market and has assets of more than $ 2.5 trillion. Chase serves over 65 million private customers and over 4 million small businesses. It performs all types of banking and financial operations around the world.
JPMorgan Chase is an American financial holding company, formed as a result of the merger of several large US banks. The headquarters of the bank is located in New York, in Manhattan. The institution is included in the “big four” of US banks, along with Bank of America, Citigroup and Wells Fargo. The main areas of activity are investment banking, financial services to individuals and small businesses, commercial banking, financial transactions, and asset management. It is one of the largest depository banks. Activities are carried out through JPMorgan Chase Bank (a national bank represented in 23 states), Chase Bank USA (a national bank issuing credit cards) and J.P. Morgan Securities LLC (brokerage firm). The main regions of activity are the United States (accounts for more than two-thirds of revenue), Canada, the UK, and India. JPMorgan Chase took 3rd place in the list of the world’s largest public companies in Forbes Global 2000.
JPMorgan Chase Bank formed as a result of the merger of a total of about a thousand financial institutions. Chemical Bank has become the core of the organization. This bank acted as an ancestor and was headquartered in Manhattan. The second bank to become part of the JPMorgan Chase is the Chase National Bank, which was led by David Rockefeller. Our hero appeared in the year 2000, Bank One Corporation also joined it in 2004.
This financial institution operates in four areas:
- Consumer banking. This includes issuing loans, servicing ATMs, credit cards, and all other services that each of us can access.
- Corporate banking. This includes operations with securities, may hold securities of traders.
- Commercial banking. This includes the provision of services to large companies, financial institutions that have very high turnover. As a rule, this department is actually an investor of investors who invest in real estate. Yes, it sounds tautological, but the essence is just that.
- Trust management. In fact, this includes the management of subsidiaries that invest in the assets of the people who gave the right. The advantage for the client is that you do not need to do anything, passive income (albeit less) still continues to go into your pocket.
Category: Finance Review