The name of JP Morgan Chase is one of the globally renowned names in the American multinational banking services. With a history of more than 200 years it is one of the foremost financial service firms with assets of $2.5 trillion. This firm is named after a powerful banker of his time John Pierpont Morgan (1837-1913). He had great contribution to organize and finance general electric, rail road’s and other major corporations of USA. This leading banking brand operates in more than 60 countries in the world with near about 260000 employees. They cater to the world’s most important corporate and government clients as well as small businesses. In fact JP Morgan Chase is a leader in the financial service and investment banking. In Canada and in the USA JP Morgan is widely used for services like credit card, retail banking and commercial banking. It is also referred as the universal bank. JP Morgan has helped government, state as well as local, health care organization and educational institution to meet their financial needs many times.

Some of the points that make this organization so special are:

The boisterous and giant structure of JP Morgan Chase bank rest upon many large US banking companies, to name a few – Chase Manhattan Bank, Bank One, Washington Mutual, Bear Stearns, First Chicago Bank and more. The present company was formed in 2000 when Chase Manhattan Corporation and J.P. Morgan & Co. merged together.

Again in 2004 JPMorgan Chase merged with Bank One Corp, when Jamie Dimon was brought on board as its president and COO. Later in 2006 Dimon became CEO and chairman of the group.

Chase has provided loans to many small business associations in the USA. It is a number one lender and more than $12.6billion credit it had provided to the SBA.

It has 5400 bank branches, 16800 ATMs to cater his clients in the USA. More over Chase has mortgage offices and mobile as well as online facility to assist its clients.

The corporate head quarter of Chase is located at 270 Park Avenue, New York. It was the earlier Chemical’s headquarter.

On January this year JP Morgan Chase declared investment of $ 1 Million for U.S. Military Veterans’ Higher Education Program.

On the New York Stock Exchange JPMorgan Chase share trade symbol is JPM.

PricewaterhouseCoopers LLP, New York is the independent auditor of JPMorgan.

The earliest foundation JPMorgan Chase was Manhattan Company which was founded in 1799. The firm first went into public in 1940 with J.P. Morgan, Jr. as its first chairman. It was named as J.P. Morgan & Co.

In the United States the hedge fund unit of JPMorgan is the second largest hedge fund.

JPMorgan played integral role during World War I and II. During World War I, it arranged a huge foreign loan in the history of Wall Street. In the World War II, JPMorgan was chosen by the British and French Government to sell securities in the public market of New York.