Search results
Results from the WOW.Com Content Network
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.
In 1902, J.P. Morgan & Co. financed the formation of International Mercantile Marine Co. (IMMC), an Atlantic shipping company which absorbed several major American and British lines, in an attempt to monopolize the shipping trade. Morgan hoped to dominate transatlantic shipping through interlocking directorates and contractual arrangements with ...
The name of one of them was revealed in April 1901: the Leyland Line. [9] The second turned out to be the prestigious White Star Line, bought by Morgan's team, after long negotiations, in April 1902. [10] [11] [12] On 1 October 1902, JP Morgan & Co. announced the founding of the International Mercantile Marine Company, more commonly called IMM.
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]
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 focused on the buy-side of trading, and ...
Co-founded the company 2017-11-13 Microsoft: Satya Nadella: CEO [68] 2014 Was executive vice president of Microsoft's Cloud and Enterprise group 2017-11-13 Morgan Stanley: James P. Gorman: Chairman and CEO [69] 2010 Formerly with Merrill Lynch: 2017-11-13 NBCUniversal: Jeff Shell: CEO [70] 2020 Previously was Chairman of NBCUniversal Film and ...
In August 1914, Henry P. Davison, a Morgan partner, made a deal with the Bank of England to make J.P. Morgan & Co. the monopoly underwriter of war bonds for the UK and France. The Bank of England became a "fiscal agent" of J.P. Morgan & Co., and vice versa. [30] The company also invested in the suppliers of war equipment to Britain and France.
John Pierpont Morgan Jr, nicknamed Jack, was born on September 7, 1867, in Irvington, New York, to J. P. Morgan and Frances Louisa Tracy. He graduated from St. Paul's School, and later in 1886 from Harvard College, where he was a member of the Delphic Club, formerly known as the Harvard chapter of the Delta Phi.