JP Morgan Chase Bank
JP Morgan Chase Bank is one of the biggest banks in the global scenario. It ranks among the oldest financial firms and operates in almost 60 countries across the world. The cutting edge financial and banking services offered by the bank have made it a trusted name worldwide. The bank has a huge customer base and offers an array of facilities and services to cater to the target audience.
Growth of JP Morgan Chase Bank
JP Morgan Chase Bank came into existence in the year 2008 after the merge of a number of financial institutions such as J.P. Morgan & Co, Chase Manhattan Bank, Bear Stearns, Bank One, First Chicago Bank, National Bank of Detroit, Washington Mutual, Texas Commerce Bank, Great Western Bank and Providian Financial.
Since its re-branding, the bank has provided excellent facilities and services to be a great name in the domain of banking and commercial services. It is one of the biggest four banks in the United States with a huge asset worth of around $2 trillion and the largest market capital. It has the third largest deposit base in the US banking institution market. The JP Morgan Chase Bank has the second largest hedge fund unit in the US which amounts to around $32,893 million in asset value. In addition to millions of consumers, the bank also serves prestigious organizations and government agencies across the globe.
The brand "JPMorgan" is used for a number of purposes such as Private Banking, Asset Management, Treasury and Security Services, Private Wealth Management and so on. The brand name "Chase" is used to market the credit card services in the US and Canada and also to promote the commercial banking and retail banking activities.
Some of the prestigious awards won by the bank are:
- Top 10 Best Places to Launch a Career by Business Week
- Best Investor Services by Waters Magazine.
- Best Global Custodian by Asian Investor
- Best Liquidity Solution Provider by the Asset
Products and Services of JP Morgan Chase Bank
The business and the financial services offered by JP Morgan Chase Bank can be divided into a number of segments according to the products offered and the target market. They are:
- Equity underwriting
- Principal investing
- Corporate lending
- Mortgage banking services
- Regional banking services
- Auto finance services
- Real estate banking services
- Middle market banking services
- Chase equipment leasing services
- Mid-corporate banking services
- Chase business credit services
- Chase Capital Corporation services
- Merchant acquiring services
- Credit cards services
- Private Banking services
- Private Wealth Management services
- Investment Management services
- Investor Services
- Treasury Services
- Clearance and Agency services
JP Morgan Chase also owns and sponsors the JPMorgan Chase Corporate Challenge which is the largest corporate road racing series in the world. Around 200,000 participants take part in the event. The bank is also the proud official sponsor of the US Open Tennis Championship.
Career in JP Morgan Chase Bank
Opting for a job in JP Morgan Chase Bank is something that everyone dreams of. It can be one of the best career prospects that people can have. There are lots of posts in the bank and its subsidiaries in a number of sectors. As evident from the services, the pay package is high and good increments and perks are available. It is also a great place for young people to start their career.
Last Updated on May 2, 2015