JPMorgan Chase
![Future JPMorganChase headquarters at [[270 Park Avenue (2021-present)|270 Park Avenue]] in [[Midtown Manhattan|Midtown]] [[Manhattan]]](https://upload.wikimedia.org/wikipedia/commons/a/ae/270_Park_Avenue_Photomontage_Day.jpg)
The firm's early history can be traced to 1799, with the founding of what became the Chase Manhattan Company. In 1871, J.P. Morgan & Co. was founded by J. P. Morgan who launched the House of Morgan on 23 Wall Street as a national purveyor of commercial, investment, and private banking services. The present company was formed after the two predecessor firms merged in 2000, creating a diversified holding entity. It is a major provider of investment banking services, through corporate advisory, mergers and acquisitions, sales and trading, and public offerings. Their private banking franchise and asset management division are among the world's largest in terms of total assets. Its retail banking and credit card offerings are provided via the Chase brand in the U.S. and United Kingdom.
With US$ in total assets, JPMorgan Chase is the fifth-largest bank in the world by assets. The firm operates the largest investment bank in the world by revenue. It occupies 24th place on the ''Fortune'' 500 list of the largest U.S. corporations by revenue. In 2023, JPMorgan Chase was ranked #1 in the ''Forbes'' Global 2000 ranking. It receives routine criticism for its risk management, broad financing activities, and large-scale legal settlements. Provided by Wikipedia
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Published: 2014