JPMORGAN CHASE & CO. - Irish Stock Exchange
JPMORGAN CHASE & CO. - Irish Stock Exchange
JPMORGAN CHASE & CO. - Irish Stock Exchange
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History, Development and Organisational Structure<br />
<strong>JPMORGAN</strong> <strong>CHASE</strong> & <strong>CO</strong>.<br />
JPMorgan Chase is a leading global financial services firm and one of the largest banking institutions in the United<br />
States, with $2.3 trillion in assets, $145.8 billion in total stockholders’ equity and operations in more than 60 countries<br />
as of 30 September 2008. JPMorgan Chase is a leader in investment banking, financial services for consumers and<br />
businesses, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, JPMorgan<br />
Chase serves millions of customers in the United States and many of the world’s most prominent corporate, institutional<br />
and government clients.<br />
JPMorgan Chase is a financial holding company and was incorporated under Delaware law on 28 October 1968 with file<br />
number 0691011. JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association, a<br />
national banking association with branches in 24 states, and Chase Bank USA, National Association, a national bank<br />
that is JPMorgan Chase’s credit card issuing bank. JPMorgan Chase’s principal non-bank subsidiary is J.P. Morgan<br />
Securities Inc., its U.S. investment banking firm.<br />
The principal executive office of JPMorgan Chase is located at 270 Park Avenue, New York, New York 10017-2070,<br />
U.S.A. and its telephone number is +1 212 270-6000.<br />
Principal Activities<br />
JPMorgan Chase’s activities are organised, for management reporting purposes, into six business segments, as well as a<br />
Corporate/Private Equity segment. The wholesale businesses are the Investment Bank, Commercial Banking, Treasury<br />
& Securities Services and Asset Management segments, and the consumer businesses are the Retail Financial Services<br />
and Card Services segments. A description of these business segments, and the products and services they provide to<br />
their respective client bases, follows. These business segment descriptions do not give effect to the acquisition of the<br />
banking operations of Washington Mutual Bank (“Washington Mutual”), which was consummated on 25 September<br />
2008.<br />
Investment Bank<br />
J.P. Morgan is one of the world’s leading investment banks, with deep client relationships and broad product<br />
capabilities. The Investment Bank’s clients are corporations, financial institutions, governments and institutional<br />
investors. JPMorgan Chase offers a full range of investment banking products and services in all major capital markets,<br />
including advising on corporate strategy and structure, capital raising in equity and debt markets, sophisticated risk<br />
management, market-making in cash securities and derivative instruments, prime brokerage and research. The<br />
Investment Bank also commits JPMorgan Chase’s own capital to proprietary investing and trading activities.<br />
Retail Financial Services<br />
Retail Financial Services, which includes the Regional Banking, Mortgage Banking and Auto Finance reporting<br />
segments, serves consumers and businesses through bank branches, ATMs, online banking and telephone banking.<br />
Customers can use more than 3,100 bank branches, 9,300 ATMs and 300 mortgage offices in the United States. More<br />
than 14,100 branch salespeople assist customers with checking and savings accounts, mortgages, home equity and<br />
business loans and investments across a 17-state footprint from New York to Arizona. Consumers also can obtain loans<br />
through more than 14,200 auto dealerships and 3,500 schools and universities throughout the United States.<br />
Card Services<br />
With more than 156 million cards in circulation and more than $159 billion in managed loans, Card Services is one of<br />
the largest credit card issuers in the United States. Customers used Chase cards to meet more than $272 billion worth of<br />
their spending needs in the nine months ended 30 September 2008. With hundreds of partnerships, Chase has a market<br />
leading position in building loyalty programmes with many of the world’s most respected brands.<br />
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