For this particular discussion, I chose a multinational banking and financial service provider company, JP Morgan Chase, which was enlisted as the 2nd most profitable company in 2015. According to Fortune 500 list, JP Morgan Chase & CO managed to become the largest bank in the U.S, the title that was previously owned by Bank of America. In addition to Chase's expansion, the corporation surpassed Wells Fargo in yearly earnings and was named as the nation's most profitable bank (Shi, 2016). Chase's
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Elements Comprised in JP Morgan Chase & Co Capital Structure JPMorgan Chase & Co. is a financial holding company, which provides financial and investment banking services. It offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure; capital rising in equity and debt markets; sophisticated risk management; market making in cash securities and derivative instruments; and prime brokerage and research. It also offers investment
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Colby Bowles Personal Response 4/3/13 In the October 2012 New York Times article, “The Woman Who Took the Fall for JPMorgan Chase,” author Susan Dominus provides an in-depth look at the rise of JPMorgan Chase’ chief investment officer, Ina Drew and her eventual downfall after her unit’s $6 billion trading loss. Through dozens of interviews with friends and colleagues of Drew, Susan Dominus provides a unique insight into Ina Drew’s personality and demeanor which were instrument in her rise in
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in the 1990s. Also the industry saw a large number of bank mergers that pointed out a new trend, leading to more concentrated and bigger banks holding a majority of total banks assets. Following this trend a Chemical/Chase merger became attractive. By accomplishing this merger Chase Manhattan would grow to the largest bank of the USA and the fourth largest in the world, which would sum up to total assets of $297.3 billions, a market capitalization of $22.9 billions and shareholder equity of $7.3
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History A former American holding company, Chase Manhattan Corporation’s roots were planted during the final days of the 18th century in New York. During this time, after an epidemic of yellow fever the New York state legislature chartered the Manhattan Company to build a water supply system to bring clean water to the state. Because of the surplus of capital, some $2 million, the directors voted to use those funds to open an office of “discount and deposit”. On September 1, 1799, the Bank of the
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Case Study: Chase Manhattan Bank Chase Manhattan Bank The workload in many areas of bank operations has the characteristics of a nonuniform distribution with respect to time of day. For example, at Chase Manhattan Bank, the number of domestic money transfer requests received from customers, if plotted against time of day, would appear to have the shape of an inverted-U curve with the peak reached around 1 P.M. For efficient use of the resources, the manpower available should, therefore, also vary
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violating the law or endangering the welfare of others. (Halbert, 2012) Blow the whistle1 The cases, U.S. ex rel. Edwards v. JPMorgan Chase Bank NA et al, U.S. District Court, Southern District of New York, No. 13-00220 is one instance of whistleblowing in a publicly traded company. Keith Edwards was awarded $63.9 million for blowing the whistle on JPMorgan Chase & Co’s. He was the current assistant vice president supervising a government insuring unit in 2008 before his termination. He had
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Brian Tabb, Duc Nguyen, Haojun Chen, Jingyi Chen, Dan Ning 12/12/2014 FI730 Group Report Financial Institution Analysis FI730 Group Report Financial Institution Analysis 1. Introduction 1.1 JP Morgan & Chase, Co. JP Morgan & Chase, Co., incorporated under Delaware law in 1968, is now one of the oldest and most influential financial institutions in the world. As of December 31, 2013, the firm’s net assets and stockholders’ equity amounted $2.4 trillion and $211
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doesn't just end with a simple definition there are many parameters and difficult work to make a idea a working business. This paper will provide a comprehensive analysis into one of the largest financial institutions in the United States JP Morgan Chase and Company. These topics include the following: 1. The History of the firm. 2. The Environment of the Business. 3. The Business operations tactics of the firm. 4. The Human Capital of the firm. 5. The
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Bear Stearns Case * * * Key Ratios Capital Ratio: This is a measure of a bank's financial strength based on the sum of its equity capital and disclosed reserves. A Tier 1 capital ratio of 6% or greater would classify the banks as well capitalized. At the beginning of March, Bear Stearns had virtually no assets valued at level 1 which leaves their capital ratio at virtually 0. Leverage Ratio: the Tier 1 leverage ratio is calculated by dividing Tier 1 capital ratio by the firm's
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