Top 10 Banks in the World 2018

Posted in Top Brand Lists, Total Reads: 2312
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6. JPMorgan Chase

JPMorgan Chase & Co. is basically an investment bank company.


Image: flickr.com/photos/bensutherland/

The firm also provides the services such as Asset Allocation, Debt Resolution, Credit Derivative trading and services, foreign currency exchange, futures, and options trading etc. JP Morgan is also a leader in Money Market trading, Risk Management, Mortgage-backed securities, Retail and Prime Brokerage, etc types of financial services.

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The firm has maintained a capital ratio of 15.2% until last year. Till last year, it was one of the largest asset management companies in the world. JPMorgan Chase also carries the second position in the United States with its hedge fund unit. The JPMorgan Brand was traditionally known as “Morgan”. The bank formed when two firms were merged namely Chase Manhattan Corporation and J.P. Morgan and Co. The Corporation also consisted of a Chemical Bank Corporation and Bank One Corporation. The company is headquartered in New York City. The bank had gone through a number of mergers and acquisitions to land such a big position. The firm has around 2,50,000 employees worldwide currently. The company has strategic interests in the services like Consumer & Community Banking, Corporate & Investment Banking, Commercial Banking and Asset & Wealth Management. The bank has won the Best Banking Performer in the United States of America given by Global Brands Awards Magazine in 2016. Surprisingly, the Bank collects the Art, too. After the collection began in 1959, the bank has currently acquired 6,000 graphics based and 30,000 based art pieces. The heavy and successful finance banking company has met with many trading losses and other cases.

Revenue (in Billions of USD): 99.62

Net Profit (in Billions of USD): 24.44

Assets (in Billions of USD): 2533.59



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