A | B | C | D | E | F | G | H | CH | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
![]() | This article contains content that is written like an advertisement. (February 2023) |
JPMorgan Chase is an American multinational banking corporation with a large presence in the United Kingdom. The corporation's European subsidiaries J.P. Morgan Europe Limited, J.P. Morgan International Bank Limited and J.P. Morgan Securities plc are headquartered in London.
History
J.P. Morgan's founder is J. Pierpont Morgan. His father, Junius Spencer Morgan, was in the merchant banking business in London from 1854 until his death in 1890. In 1873, the Scottish American Investment Trust, a predecessor firm (Robert Fleming & Co. was sold to Chase Manhattan in 2000), was formed. In 1887, Jarvis-Conklin Mortgage Trust Company opened in London, and through a series of mergers and reorganizations, this firm became part of Chase Bank.[1]
The bank joined CHAPS in 2010.[2]
The company has provided the Post Office card account since 2006,[3][4][5] acquired investment bank Cazenove in 2010[6] and acquired London based online investment firm Nutmeg in June 2021.[7] JPMorgan Chase launched a retail banking operation in the UK in September 2021 under the Chase brand name.[citation needed]
Locations
J.P. Morgan Chase does not operate bank branches in the UK but has offices in London (which serves as the headquarters), Bournemouth, Glasgow and Edinburgh. The Bournemouth office is the largest private sector employer in Dorset, while in Glasgow J.P. Morgan is one of the largest technology employers in Scotland.[8]
During December 2010 an announcement was made that the previous headquarters of Lehman Brothers at 25 Bank Street in Canary Wharf would be purchased to function as the company's European head office.[9]
Commercial and investment banking services
Asset Management
J.P. Morgan Asset Management provides investment solutions[clarification needed] to financial institutions, sovereigns, intermediaries and private individuals. It is based in London.[10]
Global Corporate Bank
Provides corporate banking services to large corporations, financial institutions and public sector organizations. Services include financing, risk management, working capital, cash management and investments.[11]
Investment Bank
The investment bank is one of the largest in the United Kingdom. It offers banking services including M&A advisory, corporate banking, debt capital markets, capital raising and risk management.[12]
J.P. Morgan Cazenove
J.P. Morgan Cazenove became a wholly owned part of J.P. Morgan in 2010, having originally operated as a joint venture between J.P. Morgan and the UK investment bank Cazenove. Its three core businesses are corporate finance, cash equities and equity research. It is based in London.[13] J.P Morgan Cazenove is a trading name of J.P. Morgan Securities plc.
Post office card account contract
J.P. Morgan Europe Ltd is currently providing the banking licence and the electronic benefits transfer banking engine for the Post Office card account, since 24 January 2006 having taken over from the previous provider Citibank.[14][15][16] The deal of exchange of services was valued at $380,000,000.[17] New applications for a Post Office card account were closed on 11 May 2020, with existing accounts remaining open until November 2022.[18]
The Post Office Card Account (POca) is a cash handling account allowing customers to receive benefit payments. The Card Account cannot be accessed anywhere other than a Post Office Counter or ATM at a post office branch. These accounts can only receive issuances of the DWP benefit payments and HMRC Tax Credits and Child Benefit payments. To open an account, you must be in receipt of benefits and a referral is made via Jobcentre Plus.[19]
Private Banking
A franchise that provides wealth management services to ultra-high-net-worth individuals and families.[20]
Treasury & Securities Services
Made up of two divisions, Treasury and Worldwide Securities Services. Treasury Services provides cash management products, trade finance and logistics solutions[clarification needed], wholesale card products, and short-term liquidity management capabilities to small and mid-sized companies, multinational corporations, financial institutions and government entities[21] while Worldwide Securities Services stores, values, clears and services securities and alternative investments for investors and broker-dealers.[22]
Retail banking
Chase
![]() | |
Company type | Trading division |
---|---|
Industry | Banking |
Founded | 2021 |
Headquarters | 25 Bank Street, , |
Key people | Sanoke Viswanathan (CEO) |
Services | Retail banking |
Owner | JPMorgan Chase |
Parent | J.P. Morgan Europe Ltd |
Website | chase |
Chase is a UK-based retail banking brand operating as a division of J.P. Morgan Europe Ltd.
History
In January 2021, JP Morgan Chase announced that it was to enter the UK retail banking sector, under the Chase brand, later that year,[23] establishing its first non-US retail banking operation in its history.[24] The first Chase branded products in the UK were launched in September 2021.[25] It was named the fastest-growing fintech app in 2022, beating the likes of Starling and Monzo.[26]
In May 2023, Chase announced it had attracted over 1.6 million customers since it launched in the UK, and held £1.5 billion of customer deposits.[27]
In September 2023, Chase announced it would ban all cryptocurrency purchases made from 16 October 2023.[28]
Services
The Chase branded app-based current account and linked savings account was launched in Late September 2021 .[29] The account allows customers to send and receive money via Faster Payments and since March 2022, the option to pay by direct debits.[30] Chase plans to launch further products in the next three to four years including, savings and investment accounts, personal lending and mortgage loans.[31] A savings account was launched in March 2022.[32]
Banking errors
November 2002-July 2009
The bank was fined £33,320,000 for failing to protect the money of the clientele of the bank during November 2002 and July 2009. The lack of due consideration was given as resulting from error,[33][34] and elsewhere as caused by the efforts of ring-fencing.[35]
April 2012
A senior executive of the bank resigned in April 2012 having been found to have committed a civil crime amounting to market abuse, as defined by the FSA.[36]
May 2012
The chief officer and others having made errors during May 2012, causing losses to the bank amounting to £1.2 billion, were expected to resign. At the time of the report JP Morgan was stated as considering the closure of the London investment unit.[37]
References
- ^ "J.P. Morgan UK History".
- ^ Association for Financial Professionals Archived 2013-01-25 at archive.today 22 Jun 10 - Retrieved 2012-06-07
- ^ 3 February 2006 - The London Gazette Retrieved 2012-06-07
- ^ Post Office Benefits and Pensions Retrieved 2012-06-07
- ^ ICM Research December 2009 - financial services group - Beyond POCA: How to better meet the needs of consumers at the Post Office Retrieved 2012-06-07
- ^ "J.P. Morgan Cazenove".
- ^ Jackson-Obot, Ima (25 June 2021). "What does the future look like for Nutmeg and JPMorgan Chase?". FT Adviser. Retrieved 26 September 2023.
- ^ "IFSD Glasgow".
- ^ BBC News-20 December 2010 Retrieved 2012-06-07
- ^ "J.P. Morgan Asset Management UK".
- ^ "J.P. Morgan Global Corporate Bank".
- ^ "J.P. Morgan Investment Bank".
- ^ "J.P. Morgan Cazenove".
- ^ 3 February 2006 - The London Gazette Retrieved 2012-06-07
- ^ Post Office Benefits and Pensions Retrieved 2012-06-07
- ^ ICM Research December 2009 - financial services group - Beyond POCA: How to better meet the needs of consumers at the Post Office Retrieved 2012-06-07
- ^ Shearman & Stirling LLP Archived 2006-10-27 at the Wayback Machine 6 Jan 2004 Retrieved 2012-06-07
- ^ "Post Office card accounts closure extended until November 2022". 11 August 2022.
- ^ "DWP to end benefit payments to Post Office card accounts". 6 May 2020.
- ^ "J.P. Morgan Private Banking".
- ^ "J.P. Morgan Treasury Services".
- ^ "J.P. Morgan Worldwide Securities Services".
- ^ "JPMorgan Chase to launch digital consumer banking in the U.K."
- ^ Megaw, Nicholas; Morris, Stephen (16 September 2021). "JPMorgan to open digital retail bank in UK". Financial Times.
- ^ Stefania Spezzati (21 September 2021). "JPMorgan Joins U.K. Consumer Market With New Digital Bank". Bloomberg. Retrieved 12 October 2021.
- ^ "JP Morgan's Chase UK fastest growing fintech app in 2022". AltFi. 18 January 2023. Retrieved 23 May 2023.
- ^ "Chase UK hits £15bn, reaches 1.6m customers". AltFi. 23 May 2023. Retrieved 23 May 2023.
- ^ Asgari, Nikou; Venkataramakrishnan, Siddharth (26 September 2023). "Chase UK to ban cryptocurrency purchases over fraud fears". Financial Times. Retrieved 26 September 2023.
- ^ "Make more of every day". Chase. Retrieved 12 October 2012.
- ^ "Direct Debits". Chase.
- ^ Megaw, Nicholas; Morris, Stephen (16 September 2021). "JPMorgan to open digital retail bank in UK". Financial Times. Retrieved 12 October 2021.
- ^ "Chase saver account". Chase. Retrieved 7 May 2022.
- ^ "UK fines JPMorgan record $49 million". Reuters. 3 June 2010. Retrieved 7 May 2022.
- ^ K Ridley reporting 3 Jun 2010 for Reuters Retrieved 2012-06-07
- ^ "Bankers JP Morgan fined record £33m for failing to 'ring-fence' clients' money". Daily Record. 3 June 2010. Retrieved 7 May 2022.
- ^ "Senior banker at JP Morgan resigns". The Guardian. 3 April 2012. Retrieved 7 May 2022.
- ^ R Neate reporting 14 May 2012 on the Wall Street Journal in The Guardian newspaper Retrieved 2012-06-07
>Text je dostupný pod licencí Creative Commons Uveďte autora – Zachovejte licenci, případně za dalších podmínek. Podrobnosti naleznete na stránce Podmínky užití.
Wikipedia:What Wikipedia is not#Wikipedia is not a soapbox or means of promotion
Wikipedia:Spam
Wikipedia:External links#Advertising and conflicts of interest
Wikipedia:Neutral point of view
Help:Maintenance template removal
JPMorgan Chase
United Kingdom
London
J. Pierpont Morgan
Chase Bank
CHAPS
Post Office Ltd
Cazenove (stock broker)
Nutmeg (company)
Wikipedia:Citation needed
London
Bournemouth
Glasgow
Edinburgh
Dorset
Scotland
Lehman Brothers
25 Bank Street
Wikipedia:Please clarify
Cazenove (stock broker)
Banking licence
Electronic Benefit Transfer
Post Office Money
Citibank
Post Office Ltd
Department for Work and Pensions
HMRC
Tax Credits
Child benefits in the United Kingdom
Jobcentre Plus
Wikipedia:Please clarify
File:Chase logo 2007.svg
Banking
25 Bank Street
London
United Kingdom
Retail banking
JPMorgan Chase
Parent company
Retail banking
Division (business)
Starling Bank
Monzo
Cryptocurrency
Transaction account
Savings account
Faster Payments
Direct debits
Ring-fencing
Financial Services Authority
2012 JPMorgan Chase trading loss
Archive.today
Financial Times
British Broadcasting Corporation
Wayback Machine
Bloomberg News
Financial Times
Financial Times
Template:Commercial and retail banks in the United Kingdom
Template talk:Commercial and retail banks in the United Kingdom
Special:EditPage/Template:Commercial and retail banks in the United Kingdom
List of banks in the United Kingdom
Banking in the United Kingdom
Barclays
Barclays
Barclays Wealth
HSBC
First Direct
HSBC (United Kingdom)
HSBC Private Bank
M&S Bank
Lloyds Banking Group
Bank of Scotland
Birmingham Midshires
Halifax (bank)
Lloyds Bank
NatWest Group
NatWest
Coutts & Co.
Royal Bank of Scotland
Drummonds Bank
Holt's Military Banking
Ulster Bank
Isle of Man Bank
Banco Santander
Cahoot
Cater Allen
Santander UK
National Savings and Investments
UK Government Investments
UK Asset Resolution
Challenger bank
Atom Bank
Monzo (bank)
Starling Bank
Tandem Money#Tandem Bank
Zopa
Al Rayan Bank
Aldermore
AIB Group (UK)
Allied Irish Bank (GB)
AIB (NI)
Bank of Ireland
The Co-operative Bank
Smile (bank)
Danske Bank (Northern Ireland)
EasyMoney
Handelsbanken
Hodge Bank
Kent Reliance
Kingdom Bank (United Kingdom)
Metro Bank (United Kingdom)
Paragon Banking Group
Reliance Bank
Secure Trust Bank
Sainsbury's Bank
Shawbrook Bank
Standard Chartered
Tesco Bank
Triodos Bank
TSB Bank (United Kingdom)
Unity Trust Bank
Virgin Money UK
Clydesdale Bank
Yorkshire Bank
Wesleyan Assurance Society
Arbuthnot Latham
Bank and Clients
Butterfield Bank
C. Hoare & Co
Cambridge & Counties Bank
Close Brothers Group
Duncan Lawrie
Kleinwort Hambros
Rothschild & Co
Weatherbys
Big Four (banking)#United Kingdom
Private banking
UK Government Investments
Template:JPMorgan Chase
Template talk:JPMorgan Chase
Special:EditPage/Template:JPMorgan Chase
JPMorgan Chase
Beacon Rail
Chase Bank
Chase Paymentech
Highbridge Capital Management
JP Morgan & Co
One Equity Partners
File:J P Morgan Chase Logo 2008 1.svg
Jamie Dimon
Mary Callahan Erdoes
Marianne Lake
Jing Ulrich
J. P. Morgan
J. P. Morgan Jr.
Junius Spencer Morgan
George Peabody
Henry Sturgis Morgan
David Rockefeller
William B. Harrison Jr.
John B. McCoy
Walter V. Shipley
Douglas A. Warner III
Temple Bowdoin
Jes Staley
Blythe Masters
James B. Lee Jr.
Thomas W. Lamont
Dennis Weatherstone
John J. McCloy
Winthrop Aldrich
Steven Black (businessman)
Board of directors
Steve Burke (businessman)
Todd Combs
James Crown
Jamie Dimon
Laban Jackson
Mellody Hobson
Phebe N. Novakovic
Virginia Rometty
American Fletcher National Bank
American Savings and Loan
Banca Commerciale Italiana Trust Co.
Bank One Corporation
Bank United of Texas
Bear Stearns
CenTrust Bank
Chase Bank#Merger as Chase Manhattan Bank
Chemical Bank
Continental Bank and Trust Company
Corn Exchange Bank
Dime Savings Bank of New York
First Chicago Bank
First USA Bank
Fourth National Bank of New York
Great Western Bank (1919–1997)
Hambrecht & Quist
HF Ahmanson & Co.
INB Financial Corporation
Jardine Fleming
JP Morgan & Co
Lincoln Savings
Manufacturers Hanover
Mechanics and Metals National Bank
National Bank of Detroit
National Bank of Commerce in New York
National Park Bank
New York Trust Company
Ord Minnett
Providian
Robert Fleming & Co
State Bank of Chicago
Texas Commerce Bank
The Manhattan Company
Trust Company of America
Valley National Bank of Arizona
Washington Mutual
125 London Wall
245 Park Avenue
25 Bank Street
270 Park Avenue (1960–2021)
270 Park Avenue (2021–present)
277 Park Avenue
383 Madison Avenue
Chase Center
Chase Field
Chase Tower (Amarillo)
Chase Tower (Chicago)
Chase Tower (Dallas)
Chase Tower (El Paso)
Chase Tower (Indianapolis)
Chase Tower (Milwaukee)
Chase Tower (Oklahoma City)
Chase Tower (Phoenix)
Chase Tower (Rochester)
Chater House
Summit Square
JPMorgan Chase Building (San Francisco)
JPMorgan Chase Tower (Houston)
McCoy Center
28 Liberty Street
The Qube (Detroit)
Category:JPMorgan Chase
Category:JPMorgan Chase
File:Wikiversity logo 2017.svg
JPMorgan Chase
J.P. Morgan in the United Kingdom
J.P. Morgan in the United Kingdom
Main Page
Wikipedia:Contents
Portal:Current events
Special:Random
Wikipedia:About
Wikipedia:Contact us
Special:FundraiserRedirector?utm source=donate&utm medium=sidebar&utm campaign=C13 en.wikipedia.org&uselang=en
Help:Contents
Help:Introduction
Wikipedia:Community portal
Special:RecentChanges
Wikipedia:File upload wizard
Main Page
Special:Search
Help:Introduction
Special:MyContributions
Special:MyTalk
Special:EntityPage/Q6104284#sitelinks-wikipedia
J.P. Morgan in the United Kingdom
Talk:J.P. Morgan in the United Kingdom
J.P. Morgan in the United Kingdom
J.P. Morgan in the United Kingdom
Special:WhatLinksHere/J.P. Morgan in the United Kingdom
Special:RecentChangesLinked/J.P. Morgan in the United Kingdom
Wikipedia:File Upload Wizard
Special:SpecialPages
Special:EntityPage/Q6104284
J.P. Morgan in the United Kingdom
J.P. Morgan in the United Kingdom
Main Page
Wikipedia:Contents
Portal:Current events
Special:Random
Wikipedia:About
Wikipedia:Contact us
Special:FundraiserRedirector?utm source=donate&utm medium=sidebar&utm campaign=C13 en.wikipedia.org&uselang=en
Help:Contents
Help:Introduction
Wikipedia:Community portal
Special:RecentChanges
Wikipedia:File upload wizard
Main Page
Special:Search
Help:Introduction
Special:MyContributions
Special:MyTalk
Special:EntityPage/Q6104284#sitelinks-wikipedia
J.P. Morgan in the United Kingdom
Talk:J.P. Morgan in the United Kingdom
J.P. Morgan in the United Kingdom
J.P. Morgan in the United Kingdom
Special:WhatLinksHere/J.P. Morgan in the United Kingdom
Special:RecentChangesLinked/J.P. Morgan in the United Kingdom
Wikipedia:File Upload Wizard
Special:SpecialPages
Special:EntityPage/Q6104284
J.P. Morgan in the United Kingdom
J.P. Morgan in the United Kingdom
Main Page
Wikipedia:Contents
Portal:Current events
Special:Random
Wikipedia:About
Updating...x
Text je dostupný za podmienok Creative
Commons Attribution/Share-Alike License 3.0 Unported; prípadne za ďalších
podmienok.
Podrobnejšie informácie nájdete na stránke Podmienky
použitia.