JP Morgan Chase Bank

About Us

JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where we stand today: 

• We are a leading global financial services firm with assets of $2.3 trillion.
• We operate in more than 60 countries.
• We have more than 240,000 employees.
• We serve millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients.
• We are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.
• Our stock is a component of the Dow Jones Industrial Average.

 

O u r  B u s i n e s s e s

The U.S. consumer and commercial banking businesses serve customers under the Chase brand.

The consumer businesses include:

• Branch, ATM, telephone and online banking
• Credit cards
• Small business
• Home finance and home equity loans
• Auto finance
• Education finance
• Retirement & Investing
• Retail Checking

The commercial banking businesses include:

• Middle Market
• Corporate Client Banking
• Commercial Real Estate
• Business Credit
• Equipment Finance
• Commercial Term Lending
• Community Development

J.P. Morgan clients include the world's most prominent corporations, governments, wealthy individuals and institutional investors. These businesses use the
J.P. Morgan brand:

• Investment Bank
• Asset Management
• Treasury Services
• Worldwide Securities Services
• Private Banking
• Private Client Services
• One Equity Partners

 

 

 

Governance

We are proud of the 200-year tradition of integrity on which this Firm is built and we have the utmost confidence in the governance provided by our Board of Directors. Our Board is a balanced and diverse group of leaders and is highly independent and well equipped to carry out its functions as a governing body on behalf of stockholders.

The Board's Corporate Governance Principles and the charters of the principal Board committees are set out below. Together, these form the framework for governance of the Firm.

The Board's Corporate Governance Principles and committee charters reflect New York Stock Exchange listing standards as well as regulatory requirements, and they rest on a foundation of long-standing governance principles of the Firm and its predecessors. The Board recognizes that governance principles will continue to evolve in the future and that the Board should continue to re-evaluate them from time to time in light of changing circumstances.

  Corporate Governance Principles of the Board

Historically, JPMorgan Chase & Co. (JPMorgan Chase or the Firm) has had Board-approved corporate governance guidelines referred to as Corporate Governance Principles of the Board. These are examined by the Board periodically in light of evolving standards of corporate governance.

Independence
The Board of Directors determined that each of the non-management directors is independent in accordance with the director independence definition specified in the Corporate Governance Principles of the Board.
 

Responsibilities of the Board of Directors

The Board as a whole is responsible for the oversight of management on behalf of the Firm's stockholders. The principal functions of the Board are to oversee processes for evaluating the adequacy of internal controls, risk management, financial reporting and compliance with law and the Firm's code of conduct; to evaluate and determine the compensation of the Chief Executive Officer; to review the Firm's compensation and benefits programs and its succession planning and diversity programs; to review the major strategic, financial and other objectives of the Firm; to review the Firm's community-oriented activities; and to nominate directors and evaluate the structure and practices of the Board to provide for sound corporate governance. The Board accomplishes these functions acting directly and through its committees. Learn more about the leadership team and the Board of Directors.

 

Code of Conduct and Code of Ethics

Our integrity and reputation depend on our ability to do the right thing, even when it's not the easy thing. The Code of Conduct is a collection of rules and policy statements intended to assist employees and directors in making decisions about their conduct in relation to the firm's business. The Code is based on our fundamental understanding that no one at JPMorgan Chase should ever sacrifice integrity -- or give the impression that they have -- even if they think it would help the firm's business.

The purpose of our Code of Ethics is to promote honest and ethical conduct and compliance with the law, particularly as related to the maintenance of the firm's financial books and records and the preparation of its financial statements. The obligations of this Code of Ethics supplement, but do not replace, the firm's Code of Conduct. 

Political Contributions Statement

Because of the potential impact public policy can have on our businesses, employees and communities, we proactively engage in the political process in order to advance and protect the long-term interests of the Firm and its constituents. 

 

History of Our Firm

JPMorgan Chase & Co. is one of the oldest, largest and best-known financial institutions in the world. The firm's legacy dates back to 1799 when its earliest predecessor was chartered in New York City.

Our firm is built on the foundation of more than 1200 predecessor institutions. Its major heritage firms — J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover (in New York City) and Bank One, First Chicago, and National Bank of Detroit (in the Midwest) were each closely tied, in their time, to innovations in finance and the growth of the United States and global economies. As JPMorgan Chase & Co does today, these firms also made significant contributions to their local communities.

Key mergers that shaped who JPMorgan Chase is today:

• In 1991, Manufacturers Hanover Corp. merged with Chemical Banking Corp., under the name of Chemical Banking Corp., then the second-largest banking institution in the United States.
• In 1995, First Chicago Corp. merged with NBD Bancorp., forming First Chicago NBD, the largest banking institution based in the Midwest.
• In 1996, The Chase Manhattan Corp. merged with Chemical Banking Corp., under the name of The Chase Manhattan Corp., creating what was then the largest bank holding company in the United States.
• In 1998, Banc One Corp. merged with First Chicago NBD, under the name of Bank One Corp. After a subsequent merger, Bank One became the largest financial services firm in the Midwest, the fourth-largest bank in the U. S. and the world's largest Visa credit card issuer.
• In 2000, J.P. Morgan & Co. Incorporated merged with The Chase Manhattan Corp., effectively combining four of the largest and oldest money center banking institutions in New York City (J.P. Morgan, Chase, Chemical and Manufacturers Hanover) into one firm under the name of J.P. Morgan Chase & Co.
• In 2004, Bank One Corp. merged with J.P. Morgan Chase & Co. The New York Times said the merger "would realign the competitive landscape for banks" by uniting the investment and commercial banking skills of J.P. Morgan Chase with the consumer banking strengths of Bank One.
• In 2008, JPMorgan Chase & Co. acquired The Bear Stearns Companies Inc., strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally.
• Also in 2008, JPMorgan Chase & Co. acquired the deposits, assets and certain liabilities of Washington Mutual's banking operations. This acquisition expanded Chase's consumer branch network into California, Florida and Washington State and created the nation's second-largest branch network — with locations reaching 42% of the U.S. population.
• In 2010, J.P. Morgan acquired full ownership of its U.K. joint venture, J.P. Morgan Cazenove, one of Britain's premier investment banks.

 

Suppliers 

Doing Business with JPMorgan Chase

Building strong relationships is the cornerstone of our success. At JPMorgan Chase, we place particular value in our supplier partnerships. Thanks to the help of a diverse range of suppliers and advisors, we are able to serve our clients, shareholders, communities and employees more efficiently. The quality of our supplier relationships has a direct impact on our competitive position. Our suppliers' products and services affect the quality of our own products and services. As such, we seek to work with those suppliers who provide the best combination of price, quality and capability to meet our needs.

We are committed to holding ourselves and our supplier community to the highest standards of business conduct and integrity. We have a zero tolerance policy for breaches of ethics and expect our suppliers to adhere to the strict guidelines of our supplier code of conduct.

Building and maintaining a competitive franchise requires innovation, teamwork and continuous improvement. Our supplier selection process is stringent and allows us to use only suppliers that meet our specific needs. We actively manage our suppliers and monitor their ongoing performance to promote and build the best possible relationship between our firms. We seek to enhance the JPMorgan Chase team through establishing relationships with a diverse range of suppliers who share our goals and values.

 Our commitment to Supplier Diversity

At JPMorgan Chase we are committed to cultivating business relationships with firms owned and operated by minorities, women and other historically underutilized groups. We're challenging the way business is done by demonstrating market leadership in Supplier Diversity.

Since 1994, we've spent over $7 Billion with diverse suppliers. We believe that by helping to build a strong and vibrant business community that is reflective of all segments of society, we create mutual gain with the communities we serve.