JPMorgan Chase: The history of the world's largest bank, in 2 minutes скачать в хорошем качестве

JPMorgan Chase: The history of the world's largest bank, in 2 minutes

Although JPMorgan Chase (JPM) was only formed in 2000, the bank has roots that date back to our Founding Fathers. Let's take a look at the banking giant's biggest moments with Beyond the Ticker. 1799 JPMorgan Chase's earliest predecessor institution, The Manhattan Company, was founded. Its founders included Alexander Hamilton and Aaron Burr. 1871 Drexel, Morgan & Co. was founded by investment banker J. Pierpont Morgan and Anthony Drexel. The firm was renamed J.P. Morgan & Co. in 1895. 1877 Chase National Bank was founded by John Thompson, who named the bank after Salmon P. Chase, Secretary of the Treasury under Abraham Lincoln. 1955 Chase National Bank merged with The Bank of The Manhattan Company to form Chase Manhattan Bank. 2000 J.P. Morgan & Co. Inc. merged with The Chase Manhattan Corporation to form J.P. Morgan Chase & Co. 2004 J.P. Morgan Chase merged with Bank One Corporation, retaining the name JPMorgan Chase & Co. 2006 CEO of Bank One Jamie Dimon became the COO of JPMorgan Chase, eventually taking over the role of CEO in 2006. 2008 During the financial recession of 2008, Dimon and JPMorgan Chase helped stabilize the markets by acquiring failing firms Bear Stearns and Washington Mutual. 2023 On May 1, 2023, J.P. Morgan Chase acquired First Republic Bank in the second-largest bank failure behind Washington Mutual. 2024 JPMorgan Chase is currently the world's largest bank, with a market cap of over $570 billion. The company remains committed to its future, leaning into artificial intelligence with its AI Research program, as it looks to remain atop the financial industry in this new digital age. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. #youtube #news #money About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Get the latest news and data at finance.yahoo.com Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance