Which company owns the largest U.S. bank by total assets, JPMorgan Chase Bank?
Answer
JPMorgan Chase
JPMorgan Chase is the company that owns JPMorgan Chase Bank, the largest U.S. bank by total assets.
JPMorgan Chase & Co. is a major American financial-services company formed through a long sequence of banking mergers. Its modern identity combines the heritage of J.P. Morgan and Chase Manhattan, while the firm’s operating businesses include consumer banking, commercial banking, investment banking, asset management, and payments.
JPMorgan Chase Bank is the company’s principal banking subsidiary. This distinction matters because JPMorgan Chase & Co. is the publicly traded parent corporation, while JPMorgan Chase Bank is the bank chartered to accept deposits and provide banking services. The company is headquartered in New York City and has been led for many years by chief executive Jamie Dimon.