Draft -5 - History JPMorgan Chase Co is one of the worlds...

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History JPMorgan Chase & Co. is one of the world’s oldest, largest and best-known financial institutions. Since our founding in New York in 1799, we have succeeded and grown by listening to our customer and meeting their needs. JPMorgan Chase operates in more than 50 countries, and combines two of the world’s premier financial brands: JP Morgan and Chase. This firm is a leader in investment banking; financial services for consumers, small business and commercial banking; financial transaction processing; asset management; and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. During the severe economic downturn in the decade following the Civil War, John Thompson, a 75 year old Wall Street publisher and banker established Chase National Bank in a one-room office in Manhattan in 1877. Thompson named the bank in honor of his late friend, Salmon P. Chase, who had not only been President Lincoln’s Treasury Secretary but also had served as governor of Ohio and chief Justice of the United States. The firm soon became a respected correspondent bank and expanded rapidly in the early 20 th century. By 1930, it was the world’s largest bank, with assets of $2.7 billion. In 1955, it merged with The Bank of The Manhattan Co. to form The Chase Manhattan bank. JPMorgan Chase & Co. has an extensive collection of early currency, including the first $1
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This note was uploaded on 07/18/2011 for the course COMM 101 taught by Professor Jones during the Spring '11 term at Broome Community College.

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Draft -5 - History JPMorgan Chase Co is one of the worlds...

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