The corporate structure of JPMorgan Chase & Co.
The corporate structure of JPMorgan Chase & Co. has changed throughout its history through various mergers and acquisitions as well as geographic expansion. In the United States, it owns and operates two key legal subsidiaries:[149]
- JPMorgan Chase Bank, N.A.
- JPMorgan Securities, LLC.
The modern JPMorgan Chase is broken up into the following four business segments:[150]
- Asset and Wealth Management (J.P. Morgan)
- Consumer and Community Banking (Chase)
- Corporate and Investment banking (J.P. Morgan)
- Commercial Banking (Chase)
JPMorgan Europe, Ltd.[edit]
The company, known previously as Chase Manhattan International Limited, was founded on September 18, 1968.[151][152] In August 2008, the bank announced plans to construct a new European headquarters at Canary Wharf, London.[153] These plans were subsequently suspended in December 2010, when the bank announced the purchase of a nearby existing office tower at 25 Bank Street for use as the European headquarters of its investment bank.[154] 25 Bank Street had originally been designated as the European headquarters of Enron and was subsequently used as the headquarters of Lehman Brothers International.[importance?] The regional office is in London with offices in Bournemouth, Glasgow, and Edinburgh for asset management, private banking, and investment banking.[155]
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