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Chase branches in the contiguous U.S. in 2020. The company also operates in Hawaii (not shown on the map).. JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.
An office of the Equitable Eastern Banking Corporation (one of J.P. Morgan's predecessors) opened a branch in China in 1921 and Chase National Bank was established there in 1923. [37] The bank has operated in Saudi Arabia [38] and India [39] since the 1930s. Chase Manhattan Bank opened an office in South Korea in 1967. [40]
In March 2000, Dimon became CEO of Bank One, the nation's fifth largest bank. [20] When JPMorgan Chase merged with Bank One in July 2004, Dimon became president and chief operating officer of the combined company. On December 31, 2005, he was named CEO of JPMorgan Chase, and on December 31, 2006, he was named chairman and president. [21]
The bank paid $5 million in reparations in the form of a scholarship program for Black students. [15] [16] [17] J.P. Morgan, the company itself, is still active as the business and investment banking subsidiary of JPMorgan Chase; Chase Manhattan Bank is still active as the personal banking subsidiary of the company.
From 2005 to 2009, she was the CEO of the firm's private bank, advising wealthy families and institutions. Her career has led to her being described as the most powerful woman in American finance. [1] [2] She has been noted as a potential successor to Jamie Dimon, as CEO of JPMorgan Chase. [3] [4]
She joined JPMorgan Chase in 1999. [6] She initially worked in London, moving to New York in 2004, [7] and in various roles in the finance functions within the bank. [8] Lake was chief financial officer [9] from 2013 to 2019. [10] She was chief executive officer of consumer lending from 2019 to 2021.