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J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase , one of the largest banking institutions in the world.
The House of Morgan was born out of the partnership of Drexel, Morgan & Co., which in 1895 was renamed J.P. Morgan & Co. (see also: J. Pierpont Morgan). [23] J.P. Morgan & Co. financed the formation of the United States Steel Corporation, which took over the business of Andrew Carnegie and others and was the world's first billion dollar ...
From 1857 through 1871, J.P. Morgan worked his way up through the industry, ... J.P. Morgan & Co. continued to thrive after Morgan's death, as John Pierpont Morgan Jr. stepped into leadership of ...
In 1902, J.P. Morgan & Co. financed the formation of International Mercantile Marine Co. (IMMC), an Atlantic shipping company which absorbed several major American and British lines, in an attempt to monopolize the shipping trade. Morgan hoped to dominate transatlantic shipping through interlocking directorates and contractual arrangements with ...
A history and archives consultant for J.P. Morgan & Co. considered in 2001 that the design was a "complete reflection of the personality of Pierpont Morgan". [112] The Skyscraper Museum said in 2003 that the building "could be termed the anti-skyscraper". [ 144 ]
When Peabody retired in 1864, Morgan became the senior partner and the firm was renamed "J.S. Morgan & Company". Junius' son, John Pierpont Morgan entered the business and ultimately became a partner at what was to become Drexel, Morgan & Co., the most important investment bank in American history. By 1900, J.P. Morgan was the most important ...
Where was the board of J.P. Morgan Chase & Co. (NYSE: JPM) when risk management might have stopped the "London Whale" problem and other investment decisions the bank probably should not have made?
Two years after Drexel's death in 1893, Drexel, Morgan & Co. was renamed J.P. Morgan & Co., one of the original predecessors of what is today JPMorgan Chase. In 1901, the bank financed the formation of the United States Steel Corporation , the world's first billion-dollar corporation, which took over the business of Andrew Carnegie and other ...