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The new JPMorgan Chase was created on July 1, 2004 upon completion of the holding company merger between JPMorgan Chase & Co. and Bank One Corporation. The mergers of the broker/dealer, credit card companies, and lead banks will be completed over the next nine months.
The U.S. consumer and commercial banking businesses currently operate under the Chase and Bank One brands. These businesses include retail banking, credit card, home and auto finance, small business, middle market and mid-corporate banking. Once the merger of the Chase and Bank One businesses are complete, the Chase brand will be used to serve 850,000 small businesses and 31,000 commercial businesses through 2,300 branches in 17 states. It also will service 87 million credit cards.
The retail and commercial banking businesses are headquartered in Chicago; the card business is headquartered in Delaware.
Preparations for migration of Bank One products and services to the new Chase brand have begun, with changes planned to begin to appear first in credit cards. The company expects to begin changing bank branches on a state-by-state basis in early 2005.
Currently, information about these capabilities can be found on chase.com and bankone.com.
JPMorgan Chase has assets of approximately $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management and private equity. The headquarters for JPMorgan Chase is located in New York.
JPMorgan Chase & Co. reports on six lines of business:
* Asset & Wealth Management
* Card Services
* Commercial Banking
* Investment Banking
* Retail Financial Services
* Treasury & Securities Services
About JPMorgan
JPMorgan clients include the world's most prominent corporations, governments, wealthy individuals and institutional investors. The investment banking, asset & wealth management, private equity and treasury & securities services businesses currently operate under the JPMorgan brand. These businesses are headquartered in New York. In select cases the company may continue to market some products under brands held by Bank One prior to the merger. Current information about these businesses can be found on jpmorgan.com (see Private Banking and Asset Management) and on bankone.com (see Investment Management and Private Client Services).
About Bank One
The Bank One brand continues to be used in the marketplace. Information about Bank One line of business activities, community involvement and recruiting efforts continue to reside on bankone.com. Please see the ""About Chase"" and ""About JPMorgan"" sections of this page for information about migration of Bank One businesses to the Chase and JPMorgan brands.
We are a leader in all of them. In addition our private equity capability focuses on creating long-term value for the firm and third party investors. Our Global Treasury Division centrally manages the interest rate risk and liquidity risk associated with the company's enhanced balance sheet with the objective of maximizing return.
JPMorgan Chase is the brand used to express JPMorgan Chase & Co., which includes all of the firm's subsidiaries.
The brands: JPMorgan Chase, JPMorgan, Chase and Bank One are currently used in the marketplace to deliver capabilities to communities around the world. Leadership in community partnership is part of the enduring culture of JPMorgan Chase."
The new JPMorgan Chase was created on July 1, 2004 upon completion of the holding company merger between JPMorgan Chase & Co. and Bank One Corporation. The mergers of the broker/dealer, credit card companies, and lead banks will be completed over the next nine months.
The U.S. consumer and commercial banking businesses currently operate under the Chase and Bank One brands. These businesses include retail banking, credit card, home and auto finance, small business, middle market and mid-corporate banking. Once the merger of the Chase and Bank One businesses are complete, the Chase brand will be used to serve 850,000 small businesses and 31,000 commercial businesses through 2,300 branches in 17 states. It also will service 87 million credit cards.
The retail and commercial banking businesses are headquartered in Chicago; the card business is headquartered in Delaware.
Preparations for migration of Bank One products and services to the new Chase brand have begun, with changes planned to begin to appear first in credit cards. The company expects to begin changing bank branches on a state-by-state basis in early 2005.
Currently, information about these capabilities can be found on chase.com and bankone.com.
JPMorgan Chase has assets of approximately $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management and private equity. The headquarters for JPMorgan Chase is located in New York.
JPMorgan Chase & Co. reports on six lines of business:
* Asset & Wealth Management
* Card Services
* Commercial Banking
* Investment Banking
* Retail Financial Services
* Treasury & Securities Services
About JPMorgan
JPMorgan clients include the world's most prominent corporations, governments, wealthy individuals and institutional investors. The investment banking, asset & wealth management, private equity and treasury & securities services businesses currently operate under the JPMorgan brand. These businesses are headquartered in New York. In select cases the company may continue to market some products under brands held by Bank One prior to the merger. Current information about these businesses can be found on jpmorgan.com (see Private Banking and Asset Management) and on bankone.com (see Investment Management and Private Client Services).
About Bank One
The Bank One brand continues to be used in the marketplace. Information about Bank One line of business activities, community involvement and recruiting efforts continue to reside on bankone.com. Please see the ""About Chase"" and ""About JPMorgan"" sections of this page for information about migration of Bank One businesses to the Chase and JPMorgan brands.
We are a leader in all of them. In addition our private equity capability focuses on creating long-term value for the firm and third party investors. Our Global Treasury Division centrally manages the interest rate risk and liquidity risk associated with the company's enhanced balance sheet with the objective of maximizing return.
JPMorgan Chase is the brand used to express JPMorgan Chase & Co., which includes all of the firm's subsidiaries.
The brands: JPMorgan Chase, JPMorgan, Chase and Bank One are currently used in the marketplace to deliver capabilities to communities around the world. Leadership in community partnership is part of the enduring culture of JPMorgan Chase."
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