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JPMorgan Chase & Co. (NYSEJPM) is an American multinational banking corporation of securitiesinvestments and retail. It is the largest bank in the United States by assets and market capitalization.[3] It is a major provider offinancial services, with assets of $2 trillion and according to Forbes magazine is the world's largest public company based on a composite ranking.[4] The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States.[5] It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[6]

The J.P. Morgan brand is used by the investment banking as well as the asset managementprivate bankingprivate wealth management and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park AvenueMidtownManhattan, New York City, New York, and the retail andcommercial bank is headquartered in Chase TowerChicago LoopChicago, Illinois, United States.[6]

JPMorgan Chase is one of the Big Four banks of the United States with Bank of AmericaCitigroup and Wells Fargo.[7][8][9][10][11][12] According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.

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review by . May 21, 2012
posted in Business Matters
Swim with the Sharks
Before I begin this review, let's state it for record that I don't own any shares in JP Morgan, have no business interest in it, nor do I do any banking transactions with the commercial institution. I do have a cousin who works in it!   So, why am I interested in it? Well, because of its recent week trading loss of US$2 billion!   $2 billion is not a small sum to anyone, not even Mark Zuckerberg; even if this is one of the biggest financial institutions in the world. …
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