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JP Morgan Chase Bank Review

With regard to the market capitalization and deposits, the largest institution in banking in United States is the JP Morgan Bank. The headquarters of JP Morgan Chase Bank is in New York. It has branches in 50 countries. With the acquisition of Bank One Corporation by J P Morgan Chase &Co, the bank came into existence. It deals with processing of financial transaction, financial services based on the customers, wealth management and investment banking. It has an asset of around $2.0 trillion.

It offers a wide range of products and services such as card services, retail financial services, wealth and asset management, investment banking, services based on security and commercial banking. The bank hired around 4000 employees in 2007.It has transferred processing of contracts of bulk trades of foreign exchange and credit derivatives to Bangalore and Mumbai centers.

OBJECTIVE:
The bank’s main objective is to focus on the banking industry of investment in our country. Regarding the security services of treasury, the bank is one of the big dealers to RBI. On an international scale, the bank has a good relationship with the clients. In the banking industry, the bank provides good financial solutions.

AWARDS:

1. Business Week-Top 10 Best Places to launch a Career.
2. Risk-Derivatives House of the Year 2008
3. Risk-Derivatives Research House of the Year.
4. Profit & Loss-Best Research Portal and Navigation in Digital FX Awards
5. Waters Magazine-Best Investor Services