JP Morgan Chase & Co

JP Morgan Chase & Co

JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City

More About JP Morgan Chase & Co

Previously called J.P. Morgan (before Chase bank acquisition)

JP Morgan Criticisms
  • The bank was backstopped by the Federal reserve in the 2008 crisis
    • Taxpayers effectively kept it solvent
    • Shareholders and executives were bailed out without an loss/cost
  • Have continued to pay account holders interest rates well below the federal funds rate as interest rates have increased from 2015 on

JP Morgan History

  • initially chartered in 1799 as The Manhattan Company