Академический Документы
Профессиональный Документы
Культура Документы
Type Subsidiary
Industry Investment
banking, commercial
banking, asset
management
Founder J. P. Morgan
United States
Website www.jpmorgan.com
By the late 1990s, J.P. Morgan had emerged as a large but not dominant
commercial and investment banking franchise with an attractive brand name
and a strong presence in debt and equity securities underwriting. Beginning
in 1998, J.P. Morgan openly discussed the possibility of a merger, and
speculation of a pairing with banks such as Goldman Sachs, Chase
Manhattan Bank, Credit Suisse and Deutsche Bank AG was prevalent.
[7] Chase Manhattan had emerged as one of the largest and fastest growing
commercial banks in the United States through a series of mergers over the
previous decade. In 2000, Chase, which was looking for yet another
transformational merger to improve its position in investment banking,
merged with J.P. Morgan to form JPMorgan Chase & Co.[8][9] The combined
JPMorgan Chase would become one of the largest banks both in the United
States and globally offering a full complement of investment
banking, commercial banking, retail banking, asset management, private
banking and private equity businesses.