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J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. . Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the
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From 2015, which is when the Paris Agreement was adopted, until 2021, JP Morgan Chase provided $317 billion in fossil fuel financing; 33% more than any other bank. [201] On October 21, 2021, JP Morgan Chase joined the Net-Zero Banking Alliance, [202] which supports "the global transition of the real economy to net-zero emissions." [203]
The card was re-branded as the J.P. Morgan Reserve Card in September 2016. [5] Bloomberg described the Palladium Card as the "card for the 1% of the 1%". [6] Clients of J.P. Morgan who are invited to carry the card must have a reported minimum of US$10 million in assets under management (AUM) with the private bank. [7]
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