3. History
1799 Its earliest predecessor was chartered ( The Bank of The Manhattan Co.)
1871 J.P. Morgan & Co. was founded in New York
1895 J.P. Morgan & Co. helped end the panic of 1893
1907 During the financial panic, bailed out the city of New York, and rescued the Stock Exchange
1913
Congress established the Federal Reserve System to regulate the money supply and manage
economy. Also gave the right for banks to make real estate loans
1915 During the war J.P. Morgan & Co. arranged a $500 million Anglo- French loan
1920s Wave of bank mergers - Chase National Bank acquired 5 banks
1929 Market crash and the Great Depression
1930 Chase National Bank is the world's largest bank (assets of $ 2.7 billion)
1930 Another predecessor, the National Bank of Detroit was formed at the depth of the Depression
1933 Congress passed the Glass - Steagall act
4. 1929- Market crash and the Great Depression
• Black Tuesday, October 29,
1929 - many of the loans went
into default
• For the banking industry, the
1930s would be the most
difficult period in history
• In June 1932, depositors
began withdrawing money
from First National –
Chicago’s largest bank – when
claiming First National was
insolvent
• Houston's major banks were
on the brink of collapse
• National Bank of Detroit was
established at these times
crisis
5. History
1955 Chase National Bank merged with the Manhattan Co, formed The Chase Manhattan Bank
1959 Guaranty Trust Co. merged J.P. Morgan & Co., created Morgan Guaranty Trust Co. of NewYork
1978 Morgan Guaranty has 16 overseas branches
1985 The Chase Manhattan Bank launched its electronic home banking service (Spectrum)
6. The Financial Crisis of 2008
• Lobbying against Glass-
Steagall Act
• By 2008, financial institutions
made massive derivative bets
on the US housing market
• J.P. Morgan as a "too big to
fail" bank
• The bank has to pay $13
Billion for causing the
Financial crisis crisis
7. • Aspire to be the best.
• Execute superbly.
• Build a great team and a
winning culture.
Business principles
Who
JP Morgan Chase & Co.
mission
vision
strategies
daily operations
„to be the best financial
services company in the
world”
COMPLEX SIMPLICITY
19. References
Bank of America Corporation (2015). 2014 Annual Report. Available
at: http://media.corporate-
ir.net/media_files/IROL/71/71595/AR2014.pdf (Accessed: 05 May
2015)
citi (2015). 2014 Annual Report. Available at:
http://www.citigroup.com/citi/investor/quarterly/2015/ar14c_en.pdf
(Accessed: 05 May 2015)
JPMorgan Chase & Co. (2015). ANNUAL REPORT 2014. Available at:
http://files.shareholder.com/downloads/ONE/131692045x0x820066/f83
1cad9-f0d8-4efc-9b68-f18ea184a1e8/JPMC-2014-AnnualReport.pdf
(Accessed: 05 May 2015)
JPMorgan Chase & Co. (2008). The History of JPMorgan Chase &
Co.: 200 Years of Leadership in Banking. Available at:
http://www.jpmorganchase.com/corporate/About-
JPMC/document/shorthistory.pdf (Accessed: 07 May 2015)
