JPMorgan Chase is one of the oldest financial services firms in the world with total assets to date of up to 3.4 trillion USD. Accordingly, this company has expanded its influence in the United States and internationally.
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Who is JPMorgan Chase?
JPMorgan Chase is the name of one of the world’s oldest financial services firms with its headquarters in New York City, United States. This financial company was founded in 1799 by Mr. J. P. Morgan, a legendary figure and one of the most influential men of the era with the ability to manipulate American industry.
However, initially, this company only owned the name J. P. Morgan, until 2000, when Chase Manhattan Group merged with J. P. Morgan company through a deal worth 33 billion USD. This is also the time when the name JPMorgan Chase, a giant in the financial sector, was born.
By 2005, Jamie Dimon joined and became the chief executive officer of JPMorgan Chase. Thanks to his strategic leadership and significant contributions, up to now this company has total assets of up to 3.4 trillion USD, officially making JPMorgan the largest bank in the United States.
If you also want to learn more about other financial information, please take a look at: What is a Central Bank, What is a Crypto Credit Card, Who is Evolve ETF, Blackrock…
Products from JPMorgan Chase
JPMorgan Chase owns a large number of financial products, divided depending on customer needs such as:
For individuals
For small individuals, the company supports and provides products and services similar to other normal banks. Accordingly, customers can open their accounts, make domestic and international money transfers,…
In addition, users can also use trust fund services, inheritance-related issues, or insurance registration provided by JPMorgan.
For small and medium enterprises
For small and medium-sized businesses, JPMorgan will support them in creating business accounts with more special incentives. At the same time, the company also provides services of quick unsecured loans, quick mortgage loans, invoice mortgage loans,… depending on the needs of the business.
Besides, JPMorgan will also support these businesses in electronic tax payments, inflation guarantees, project guarantees,… and more.
For large businesses
For large businesses, JPMorgan will assist in creating special accounts exclusively for large businesses. Accordingly, when these businesses successfully create accounts, they can use loan services with capital at super loan levels.
In addition to large and potential businesses, JPMorgan will also participate in sponsoring projects that these businesses are launching.
Other products
Besides the main product lines divided into each level, this company also has several other special product lines such as:
- The investor’s conservative growth fund aims to provide income and capital appreciation through an actively managed, diversified portfolio.
- Balanced investment funds aim to deliver high total returns associated with capital preservation.
- Globally distributed funds with access to the entire global investment platform from JPMorgan.
- Orientation support service for individual and business customers on financial-related issues.
- Securities and treasury investment support services.
What does JPMorgan Chase link with the Crypto market?
JPMorgan Chase is the first major US bank to own its digital token, confirming the company’s next step in the blockchain field. Accordingly, JP Morgan has released a blockchain platform called Quorum that several organizations are using to track financial data.
The special thing is that Mr. Jamie Dimon, the current head of JPMorgan, who once hated and did not appreciate the crypto market, was the initiator of this step. The reason is that he saw the potential of blockchain in the future of the global financial system.
JPMorgan’s move is further marked by its partnership with Avalanche to explore a new model of portfolio management with a project called Guardian.
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The future holds for JPMorgan Chase
Finally, let’s take a look at the future and direction of JPMorgan Chase company most objectively. It can be seen that the company wants to exploit and develop the huge potential of blockchain technology when cooperating with Avalanche.
This can be good or bad. If successful, the name JPMorgan will grow more than ever and could become one of the leading financial companies in the cryptocurrency markets. On the other hand, failure can cause some significant impacts on the company’s position.
Our above opinions are only a review of JPMorgan’s actions, so we cannot predict the future of this company.
Conclusion
So we have come to the end of the entire overview of JPMorgan Chase company. Hopefully, this information has helped you have a broader view and see you again from AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
