JPMorgan Chase & Company)
JPMorgan Chase was founded by john morgan, a famous American banker. J.P. Morgan Company was once the most famous financial service institution in American history, participated in the establishment of American steel company and the construction of New England Railway, and also assisted the American government to issue bonds many times to solve the national financial problems. Although the company is named after Morgan, actually Morgan himself only owns 65,438+09% of the company's assets, and the rest belong to a series of mysterious shareholders, including the Ross Schild family in Europe.
1930, the US Congress passed the glass-steagall act, aiming at separating the business of financial institutions, commercial banks and investment banks. This bill finally forced JPMorgan Chase to abandon its investment banking business and become a single commercial bank. 1935, JPMorgan Chase Company completely closed the investment banking department. Partners henry morgan (john morgan's grandson) and Harold Stanley led the company's investment bankers to set up a new securities company called Morgan Stanley. The registered capital of the company is $6,600, all from the partners of J.P. Morgan. Today, after more than 70 years of development, Morgan Stanley has become the second largest independent investment bank in the United States after Goldman Sachs Group.
Chase Manhattan Bank, or Chase Bank, was established in 1955, which was formed by the merger of Manhattan Bank Company established in 1799 and Chase National Bank established in 1877.
From 1970s to 1980s, under the leadership of Rockefeller, the company developed into one of the largest and most prestigious banks in the United States.
Later, JPMorgan Chase Bank and Chase Manhattan Bank merged to form JPMorgan Chase Group, which became one of the largest banks in the United States.
It is unreasonable not to adopt such details. Besides, I know people in JPMorgan Chase.