Which two companies merged to create JPMorgan Chase in 2000?
Answer
J.P. Morgan and Chase Manhattan
J.P. Morgan and Chase Manhattan merged to create JPMorgan Chase in 2000.
The merger was announced in September 2000 and completed later that year. It combined Chase Manhattan’s commercial-banking business with J.P. Morgan’s investment-banking and corporate-finance strengths.
The modern company later expanded through additional major transactions, including its 2004 merger with Bank One and its 2008 acquisition of Bear Stearns during the global financial crisis. Those later deals are why the company’s present structure reflects more than the 2000 merger alone.
JPMorgan Chase is also distinct from JPMorgan, the investment-banking and asset-management brand used within the broader corporation. Chase is the consumer and commercial banking brand most familiar to many customers in the United States.