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JP Morgan Chase Bank

JP Morgan Chase Bank is one of the biggest global financial service providers. Headquartered in New York City, JP Morgan Chase Bank is one of the oldest banks in the world as well.

About JP Morgan Chase Bank

JP Morgan Chase Bank started its operations way back in 1799. The bank has grown into a global financial giant, serving millions of clients in the United States and many major institutional and business clients in other parts of the world.

The hedge fund unit of JP Morgan Chase Bank is the biggest in the United States. The JP Morgan Brand is used by various divisions of the bank such as the Private Banking, Asset Management, Treasury & Securities Services and Private Wealth Management Divisions. The original trustee of JP Morgan Chase Bank is JP Morgan Chase Bank, N.A. The credit card services, commercial banking and retail banking services of the bank in Canada and United States are carried out under the brand name Chase.

JP Morgan is one of the Big Four Banks in the U.S. and its competitors are Citigroup, Bank of America and Wells Fargo. The operations of the company are present in more than 60 countries of the world. The state-of-the-art banking and financial solutions offered by the bank have made it a symbol of trust. The bank has grown into a global financial services provider with a huge clientele. During its long journey, the bank has merged with a number of companies which include the following:

  1. J.P. Morgan & Co.
  2. Chase Manhattan Bank
  3. Bear Stearns
  4. Bank One
  5. Washington Mutual

The headquarters of the Card Services division of JP Morgan Chase Bank India are located in Mumbai. The technology and back office operations offices of JP Morgan Chase India are based in Bangalore, Delhi, Hyderabad and Mumbai.

Banking Subsidiaries of JP Morgan Chase Bank

Given below are the names of the banking subsidiary companies of JP Morgan Chase Bank:

  1. JPMorgan Chase Bank, National Association
  2. Chase Bank USA, National Association
  3. J.P. Morgan Trust Company, National Association
  4. JPMorgan Chase Bank, Dearborn
  5. Custodial Trust Company

JP Morgan Chase Bank Products and Services

The products and services of JP Morgan Chase Bank can be categorized into the following segments:

Investment Bank

  1. Investment banking: debt and equity underwriting and advisory
  2. Trading and Market making: Equity and fixed income
  3. Principal investing
  4. Corporate lending
  5. Research
  6. Prime services

Retail Financial Services

  1. Consumer Lending: Mortgage production and servicing and loan originations and balances (include student loans, home loans, automobile and other loans)
  2. Retail banking: Business and consumer banking (includes Business Banking Loans)

Card Services

  1. Merchant acquiring
  2. Credit cards

Commercial Banking

  1. Commercial term lending
  2. Middle-market banking
  3. Real estate banking
  4. Mid-corporate banking

Treasury & Securities Services

  1. Global Securities Services
  2. Treasury Services (Core Cash Management, Global Trade, Export/Import Advisory and Liquidity)

Asset Management

  1. Private Bank
  2. Investment Management (includes Retail and Institutional)
  3. JPMorgan Securities (erstwhile Bear Stearns Brokerage)
  4. Private Wealth Management

Corporate - Includes the private equity of the company; Treasury, One Equity Partners and Corporate activities.

Awards won by JP Morgan Chase Bank

The bank has won a number of important awards which include the following:

  1. "Best Global Custodian” - Asian Investor 2007 Achievement Awards
  2. "Best Liquidity Solution Provider” – The Asset
  3. "Best Custody Specialist in Asia" – The Asset
  4. "#1 Asian Respondents Best FX Service Overall" - Global Investor