For main subsidiaries, see Chase Bank and J. J P Morgan Chase Logo 2008 1. American magner bitcoin value investment bank and financial services company headquartered in New York City.
As a “Bulge Bracket” bank, it is a major provider of various investment banking and financial services. It is one of America’s Big Four banks, along with Bank of America, Wells Fargo, and Citigroup. 789 trillion in assets under management. The hedge fund unit of JPMorgan is the second largest hedge fund in the United States. JPMorgan Chase, in its current structure, is the result of the combination of several large U. 1996, including Chase Manhattan Bank, J. At the turn of the nineteenth century, obtaining a bank charter required an act of the state legislature.
This of course injected a powerful element of politics into the process and invited what today would be called corruption but then was regarded as business as usual. Led by David Rockefeller during the 1970s and 1980s, Chase Manhattan emerged as one of the largest and most prestigious banking concerns, with leadership positions in syndicated lending, treasury and securities services, credit cards, mortgages, and retail financial services. The New York Chemical Manufacturing Company was founded in 1823 as a maker of various chemicals. In 1824, the company amended its charter to perform banking activities and created the Chemical Bank of New York.