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J.P. Morgan


J.P. Morgan

JPMorgan Chase & Co. is a United States based multinational banking, financial and investment services holding group of companies. JPMorgan bank is the largest bank in the United States having total assets exceeding two and a half trillion dollars. The company is a major provider of a wide range of financial services, and according to Forbes magazine JPMorgan is the world’s third largest public company based on a composite ranking. The company in its current condition, is the product of the joining of several large United States financial companies which has started in 1996. The holding includes currently Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual and several other major banking companies. The hedge fund subdivision of JPMorgan Chase is the second largest hedge fund in the US. The hedge fund subdivision was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.  The J.P. Morgan brand, in previous years known as Morgan, is used by the investment banking, J.P. Morgan Wealth Management, private banking, private and corporate wealth management as well as treasury & securities services divisions. The Chase brand works in the industry of credit card services in the United States and Canada, the bank’s retail banking activities in the United States, and commercial banking. Besides all above-mentioned JPMorgan Chase & Co is one of the world’s largest liquidity providers providing its services to hundreds of major Forex brokers working on the international financial markets.