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• Jp Morgan Bank

Jp Morgan Bank

J P Morgan Chase is a major financial service provider located in New York and is largest bank in USA. Established on Dec 1, 2000 we offer spectacular services like Industrial finance, Asset Management, Account Services, Loans, Deposits, Online Banking Stocks and Shares, Risk Management, Banking commodities, Mortgages, Retail Banking, Credit Cards, Equity Trading, Wealth Management, and Insurance.

Factsheet of Jp Morgan Bank

Bank Name	Jp Morgan Bank
Founded in	Dec. 1, 2000
Promoters/founders	Aaron Burr, Balthazar P. Melick, John Pierpont Morgan, and John Thompson.
Headquarter Address	Jp Morgan Bank J.P. Morgan Tower Office Chatarapathi Shivaji Terminus Road Kalina Santacruz East Mumbai, 400098 Maharashtra.
Employee's	273948
Type of Bank	Public Sector Undertaking (PSU) Bank
Official Website	https://www.jpmorganchase.com/
Customer Care Number	18009359935.12122706000.

History of J P Morgan Bank

J P Morgan bank is one of the largest banking network that is available in the USA and a financial service holding establishment having its headquarters in New York city and is having its branches worldwide. Furthermore, we are experts in the field of Investment banking, Wealth management, Treasury Services and Asset Management as well. Our bank is the wonderful combination of various banks in the United States like the Chase Manhattan Bank, J P Morgan and Company and Washington Mutual. The earliest institution of the J P Morgan bank is the Bank of the Manhattan and it is the third oldest banking establishment in the United States of America. 

We believe in assisting people from various walks of life as we believe that Education, Wealth and Careers are intertwined with each other. We have more than 3000 plus branches around the world. According to the Financial Stability Board, the J P Morgan Bank is considered as a very vital bank having its presence across the globe.

Mr. Jamie Damon is the Chairman and CEO. Daniel Pinto is the COO and President of the J P Morgan Bank.

Subsidiaries of J P Morgan Bank

The J P Morgan Bank has many subsidiaries and they are given below as follows:

•  Chase Bank.
• One Equity Partners.
• J P Morgan and Company.

Banking Services offered by J P Morgan Bank

There are various banking services given by the J P Morgan Bank and given below as follows:  

• Email Alerts.
• E-Statements.
• Digital Solutions.
• Fraud Solutions.
• Private Banking.
• Internet Banking.
• Personal Account
• Corporate Account.
• Foreign Exchange.
• Mortgage Service.
• Checking Account.
• Commercial Card.
• Integrated Payable.
• Asset Management.
• Investment Banking.
• Commercial Banking.
• Wealth Management.
• Asset Based Lending.
• Equipment Financing.
• Payment Processing.
• Liquidity Management.
• Integrated Receivable.
• Debit and Credit Card
• Small Business Loans.
• Customised Passbook.
• Customised Chequebooks.
• Home Equity Line of Credits.
• Commercial Lending Service.
• Corporate Treasury Consulting.
• Integrated Receivables and Payable.

Loans and credit facilities provided by J P Morgan Bank

There are various credit and loan facilities offered by the J P Morgan Bank and given below as follows:  

• Car Loan
• Term Loan
• Home Loan
• Holiday Loan
• Personal Loan
• Education Loan
• Business Loans
• Mortgage Loans.
• Revolving Credits.
• Syndicated Finance.
• Equipment Financing.
• Asset Based Lending.

Legal Issues

• J P Morgan Chase paid more then $2 Billion in legal settlements and fines for their role in giving financial assistance to Enron Corporation that collapsed due to a financial crisis.
• 14 lawsuits were filed against JPMorgan Chase in many district courts in the US on behalf of the customers of the Chase credit card holders claiming the bank violated the Lending Act.
• In June 2010, J.P. Morgan Securities was fined a record 33.32 Million Pounds by the UK Financial Service Authority (FSA) for not able to protect the customers money from 2002 to 2009.
• US Department of Justice was investigating the mortgage backed securities of J P Morgan Chase that led to the financial crisis in the year 2009 and made the J P Morgan Chase Bank pay around 12 Billion Dollars to settle the investigations.

Awards and Recognition

• J P Morgan Chase is the Best Banking Performer, United States of America in 2016 by Global Brands Magazine Award, a leading financial magazine of US.

 

Jp Morgan Bank has 4 IFSC connected branches in India. Bank has branches in following states:

DELHI
KARNATAKA
MAHARASHTRA
TAMIL NADU