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Essay / Fraud at JPMorgan Chase - 544
JPMorgan Chase is today one of the oldest continuously operating financial institutions in America, dating back over 200 years. JPMorgan Chase is currently the largest bank in the United States, with total assets estimated at $2.5 trillion. They have branches in over 60 countries and employ over 260,000 people. The company was founded in 2000, when Chase Manhattan Corporation and JP Morgan & Co. merged. However, the Chase Manhattan Corporation was formed in 1995 when the Bank of Manhattan Company purchased Chase National Bank. The Bank of Manhattan Company, however, was established in 1799, bringing JPMorgan Chase's roots back to the late 18th century. JPMorgan Chase is the result of the joining and acquisition of more than 1,200 previous institutions, the largest of which are JP Morgan, Chase Manhattan. , Chemical, Manufacturers Hanover and National Bank of Detroit. Since JP Morgan & Company and Chase Manhattan Corporation joined forces, they have enjoyed great success and are even considered by some to be the largest bank in America....