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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 world.
The J.P. Morgan & Co. logo before its merger with Chase Manhattan Bank in 2000 Influence of J.P. Morgan in Large Corporations, 1914 The J.P. Morgan headquarters in New York City following the September 16, 1920, bomb explosion that took the lives of 38 people and injured over 400 more
The company offers products aimed at multiple industries, including e-commerce, retail, professional services, travel and lodging, restaurant, digital content, and government. The company also provides payment terminals , which allows small businesses to accept most card payment types, as well as the flexibility to accept other forms of ...
In January 2024, following a re-shuffle at JP Morgan Chase, Lake was tipped in the media as a likely successor to Jamie Dimon as CEO of the global firm. Lake is a member of the JPMorgan Chase Operating Committee. Lake has emphasized JPMorgan Chase's role as a technological innovator. [15]
Company: BlackRock Title: Chairman & CEO 2024 company ranking: No. 231. Fink co-founded BlackRock in 1988 after his departure from investment bank First Boston. He and his fellow co-founders ...
After completing his education, Morgan went to London in August 1857 to join his father, now a partner in the merchant banking firm George Peabody & Co. [a] [14] For the next fourteen years, he worked as his father's American representative in a series of affiliated New York City banking houses, learning the trade and lifestyle of a bank ...
As the dominant partner of Drexel & Co. of Philadelphia, he founded Drexel, Morgan & Co, which later became J.P. Morgan & Co., in New York City in 1871 with J. P. Morgan as his junior partner. He also founded Drexel University in Philadelphia in 1891. [2] [3] In 1892, Drexel was elected to the American Philosophical Society. [4]
Although J. P. Morgan's son, J. P. "Jack" Morgan, remained on the Morgan Grenfell board until his death in 1941, [13] the relationship between the London and New York businesses which had to that time been a keystone to the firms' success necessarily became more remote coinciding with and probably contributing to a period of relative ...