Where is jp morgan chase located

Pierpont Morgan, is the namesake and one of the founders of our firm. But it was his father, Junius's, move to London that first put the Morgan name on the international map and created a special relationship between the firm and the city of London that continues today.

The story begins in the 's. Junius Morgan was a successful New England merchant, but he was ready for something bigger. London was calling.

London, at the time, was the capital of the vastly wealthy British empire and the epicenter of international finance. Junius eventually took over Peabody's firm which he renamed J. It oversaw several landmark transactions and became the most prominent American-owned merchant bank in London. The firm raised capital for the first transatlantic cable project in , revolutionizing communications between Europe and the United States.

Sending a message could take 10 days -- the time it took to physically post a letter by ship. With cable, it was a matter of minutes. This and later communication advancements would allow people on both sides of the Atlantic to share accurate information about the availability and pricing of goods. In time, trade flourished, money flowed, and banks gained ever greater importance.

In , J. Few other banks were willing to take the financial risk, but France repaid ahead of schedule. This propelled J. Morgan further up the ranks of international finance and greatly enhanced its reputation in London and beyond. Around the same time, London-based Junius introduced his son, J. Pierpont Morgan, to Philadelphia banker, Anthony Drexel.

Though they operated separate firms, Junius and Pierpont worked in tandem between New York and London building a special transatlantic relationship between the two cities. Raising money in both the United States and Europe, their combined efforts helped finance a number of international industries.

Most notably, the American railroad. As track after track was laid and dollar after dollar made, the Morgan name gained even more prominence internationally. After Pierpont's death in , his son, Jack, took over J. Morgan just before the start of World War I. Jack received personal letters of thanks from the prime minister and King of England for his efforts. Prime Minister: I wish to express, on behalf of His Majesty's government, our warmest and most sincere thanks for the invaluable assistance you have rendered to this country during the war.

Virginia: The British connections were more than just business. Jack developed a warm relationship with the royal family, hosting them aboard his yacht and at his lodge in Scotland every summer. Throughout the 20th century, the firm's ties to London deepened as it became more physically present in the city.

This expanded the bank's presence throughout the city. In , the firm acquired the successful British investment bank, Cazenove. Soon after, it chose London as its European headquarters opening in England's financial center, Canary Wharf. For over years, London has, and will continue to be, a city at the core of the JPMorgan Chase identity. Rachel: From colonial America to the pioneer West, paper currency fueled the growth of the nation.

Everything from building cities and towns to facilitating the exchange of goods and services depended on an accepted means of payment. But you might be surprised to learn that the US government didn't issue money in the early s.

Instead banks printed their own bank notes. Many banks worked with specialized firms, like the American Bank Note Company, to assist in the design and printing of these notes. The notes were exceptionally beautiful, with elaborate ornamentation depicting portraits of public figures, scenes from everyday life, and allegorical images. With little government regulation and no standard template, the size, shape, and color of bank notes varied widely.

Every note was a work of five or more artists, each a specialist in portraiture, landscapes, lettering, or borders. Such division of labor was a form of security to hinder counterfeiting. The designs were engraved on metal plates, a process which could take an artist several months to complete. Notes were printed on hand-operated presses, creating four notes from a single printing plate. Sometimes, single note plates were made, like those for our predecessor, the Waterbury Bank.

As America's market economy extended nationwide, bank notes began drifting farther from their issuing institutions. With more than 1, banks in operation by , and more than 7, different notes in circulation, counterfeiting had become a serious problem. The resulting chaos was a paradise for counterfeiters, like Jim the Penman, who became one of the most notorious forgers in the country. To combat this, counterfeit detectors were published which included signatures from authentic bank notes to help bankers identify fraudulent bills.

They were hugely popular and boasted a circulation of more than , by As the ability to judge the veracity of bank notes deteriorated, the US government recognized the need for a more stable form of currency. In , the federal government began printing its own paper money, marking an historic shift in the young nation's monetary system. Nancy: Did you know that the US dollar didn't always look the way it does today? American banks used to print their own paper money.

And because there was no standard template, the look of these notes varied widely from bank to bank. With 1, banks, including many JPMorgan Chase predecessors issuing their own money, the system was chaotic and in need of change. In , to address this situation and also to finance the Civil War, Salmon P.

This gave the US government the ability to establish a uniform national currency. Unlike the notes still printed by banks, the government printed their bills on both sides using green ink on the back to prevent counterfeits.

These notes were nicknamed greenbacks and became the primary currency of the Union. And JPMorgan Chase owns the very first bill of that series. Unfortunately, these greenbacks didn't solve the country's currency problem because they were backed only by government credit and banks continued to issue their own notes, backed by gold and silver. To improve the system and standardize the look and feel of bank notes, a uniform template was adopted and the Bureau of Engraving and Printing in Washington DC took over the job of printing all notes issued by banks.

Proofreaders, generally women, were hired to examine the notes for inconsistencies. It took until the s to fully replace bank notes with Federal Reserve notes, the national currency in use today.

Nancy: Did you know that the core values and business principles of JPMorgan Chase today were established over years ago by three generations of Morgan men? The story begins with Junius Morgan, a New England businessman who established the Morgan name in the world's financial markets while working as a merchant banker in London in the s. With Junius' guidance, his son, J. Pierpont Morgan, entered the banking business.

In , Pierpont joined forces with Anthony Drexel, a prominent Philadelphia-based banker, and established a new merchant bank in New York City. It didn't take long, though, for it to become the preeminent private bank in the US.

Under Pierpont's leadership the firm, later renamed J. Morgan and Company, was largely responsible for financing and organizing the railroads, steel, and utility companies that established the United States as a modern industrial power.

Pierpont also played a critical role in times of financial crises, stemming international panics in both and He became known for his integrity and judgment, the same standards by which he measured his colleagues and clients. In a statement to the Senate Banking Committee in , Pierpont noted that, 'the first thing is character,' before money or anything else'.

After Pierpont's death in , his son, J. Morgan Jr, better known as Jack, took over as senior partner of the firm. Jack left his own mark on J. Morgan through a series of landmark deals, leading the firm for three decades.

Like his father, Jack embodied the same values of honesty and integrity, stating that, 'the idea of doing only first class business, and that in a first class way, has been before our minds. Morgan reorganized from a private partnership to a public company, with Jack as its first chairman.

Over the next 60 years, the firm remained an innovative leader in the financial industry, and in , merged with Chase Manhattan to form JPMorgan Chase.

Nancy: What was J. Pierpont Morgan's role in stopping the Panic of and how did it shape the US economy? In the fall of , the world is on the verge of economic collapse. US and international markets had been wildly unsettled for months. Six months earlier, the American stock market had crashed despite record corporate earnings.

And stocks also plummeted on several foreign exchanges. Surprising as it may seem, the US had no central bank to deal with the financial crisis and no money in reserve. As panic increased, customers rushed to their banks to withdraw whatever money remained.

People sat overnight in camp chairs, bringing food and waiting for the banks to open in the morning. Banks took unconventional measures to deal with the crisis. Tellers slowly counted out money to limit withdrawals, and some banks prominently displayed piles of cash in order to reassure worried customers. To stem the panic, it was critical that someone with influence and insight come to the rescue. And the person who stepped in, was J. Pierpont Morgan. More importantly, Morgan had experience with similar financial crises, having rescued the US Treasury during the Panic of He'd become the lender of last resort.

For two weeks, he led a team raising capital for the failing markets, contributing large sums of his own money, and functioning as the country's de facto central bank.

Although the actual panic lasted only a few weeks, its aftermath brought on an economic decline that destroyed banks and other businesses and created mass unemployment. Financial experts consider Morgan's impressive handling of the panic as the work of a bold financier who clearly understood the big picture and took decisive action.

In , Congress passed a currency act allowing banks to form reserve associations that could issue money temporarily, in economic emergencies. And in , shortly after Morgan's death, the US established its much-needed central bank, the Federal Reserve. Elizabeth : saw the start of a war like no one had ever seen before.

It was unprecedented in scale. It demanded vast numbers of people and resources and was incredibly expensive. It was known as a total war because it affected every facet of society, including banking. How did a series of bold moves by banks and their employees help the Allied cause? In , U. At the time, it was the largest foreign loan in Wall Street history. As fighting waged across continents, tensions in the Unites States were mounting.

After nearly three years of declared neutrality, in April , U. Congress declared war. Elizabeth : The transition was swift and JPMorgan Chase predecessor banks were quick to respond at home and overseas. Banks organized Liberty Loan drives imploring patriotic citizens to lend money to the government for the war effort. These war bonds gave many Americans their first taste of investing in financial securities. Many bank executives also stepped in to lead various wartime committees like the Red Cross and the Council of National Defense.

Banks were equally supportive on the front lines. Guaranty Trust Company raised money for an ambulance and sent an armored mobile bank to service soldiers in France. Thousands of bank employees enlisted to fight in the war and sent home dramatic tales from the field that made their way into bank newsletters. Soldier 2 : "We saw shrapnel from the defense guns.

It was bursting high in the air. Soldier 3 : "The mines upset and ruined the tanks. It was a masterly defense, one of the best military feats of the war. Elizabeth : Women stepped in to fill vacant jobs as tellers, clerks and loan officers. In addition to their bank duties, these women were instrumental in fundraising and relief work.

Partnering with the Red Cross, they knitted socks and sweaters and packaged surgical dressings for soldiers overseas. In November , World War I came to an end. Many JPMorgan Chase predecessor banks advocated for the rehiring of veterans and erected memorials to honor bank employees who had given their lives for their country. Though international banking played an unprecedented role during the war, it was the banks' dedicated men and women, working at home and fighting overseas, who battled tyranny and enabled democracy to prevail for all.

Rachel: The blue octagon is an iconic and recognizable logo that's become synonymous with the Chase retail brand today. But did you know that its creation sparked a new movement in the design of corporate logos? In fact, when the octagon was first launched it represented a benchmark in corporate culture showing how firms were beginning to understand the significance of a strong brand and how they were perceived in what was already a fast paced world. But what prompted the bank to reassess its logo back in ?

Shortly after the merger that created the Chase Manhattan Bank, then Vice Chairman, David Rockefeller, chose the design firm Chermayeff and Geismar Associates, to create a logo that would best reflect Chase Manhattan's increasing global reach and complement the modern design of the company's brand new 60 story headquarters in Lower Manhattan. The previous logo failed to capture the unique feel of the brand. Its complex design used five different elements from the company's two main heritage banks, the Bank of the Manhattan Company and Chase National Bank.

Rockefeller knew the logo needed a strong graphic, something recognizable around the world. Inspired by a simple geometric shape the design firm hired by Rockefeller created the octagon logo, a visual that was sleek, attractive and timeless. On November 21st, , the new logo was unveiled, one of the first abstract logos used in banking.

With its clean lines and modern look the dynamic symbol mapped against Chase Manhattan's corporate vision demonstrating, as the designers put it, how all activity is centered around a square, implying growth from a central foundation. Just like any business, Chase and its logo have gone through subtle changes over the years. Through our conversations after my diagnosis, we found the Autism at Work program.

The program gave me access to the training and guidance I needed to shift careers and, most importantly, provided me with the necessary support and encouragement. Too often, being different is seen as something bad or that should be hidden. But that couldn't be more wrong.

Being different is a good thing. And the Autism at Work program has helped myself at J. Morgan recognize that neurodiversity is a true asset and something that should be celebrated. That's such an important message. And by the way, congratulations to you and your wife and growing family.

That's so exciting. Anthony, you've mentioned that people who are part of the program can bring their full selves to work. How have you seen the corporate culture change because of the program? So this is giving them the opportunity to come in, bring their whole selves to work, as you said, but kind of take the mask off that they might've had to utilize their entire life.

The empathy has increased. And I think the social awareness, obviously, has increased. And I think when you bring somebody in who's on the spectrum or thinks differently or has a cognitive difference, I think when you bring those folks on your team, it kind of sets you apart because now you're looking at things in a totally different light.

And then people get comfortable. And one of the misconceptions is folks on the spectrum are not social. I can tell you from firsthand experience — Jesse's a prime example of that — that is not the case. We have people leading team meetings and scrum meetings and doing different things in operations areas. Managers are also learning different techniques and ways that they're able to communicate with their teams.

It's because they're learning with somebody who's on the spectrum that there's different ways to do that. Whether it's bringing in an advocate to help out or just trying a different methodology via Skype or chat or whatever that may be. So it's actually increasing how we talk to colleagues who are neurotypical as well. The culture shift that we have now at JPMorgan Chase because of the program is absolutely unbelievable.

We have many other companies and corporations asking us how we did the program. And we said we started small, and now we're scaling it to where it is one of the leading ones in the world.

And, Jesse, back over to you. What advice would you give other companies who are looking to hire people who are neurodiverse? And what can people do to embrace the neurodiverse culture even more?

If you're looking to increase your neurodiversity, I think it's important to set up the programs that go beyond recruitment. That informs colleagues and managers on how they can reframe their practices to be more inclusive.

And alleviates the burden off of the individual to have to disclose and educate others on their diagnosis, which can be really difficult and anxiety-provoking. Additionally, it's important to address the physical work environment too. When we were in the office and we had office spaces, like alternative office seating and lower lighting and designated quiet zones, those things can be really helpful to somebody who has sensory sensitivities like myself.

In general, creating a work environment that celebrates differences in thought, hosting conversations about neurodiversity — not only during Autism Inclusion Month but throughout the year — and being more conscious of practices and languages that may be unintentionally exclusive are ways that we can all build a more diverse and inclusive work environment.

Well, thank you Jesse, thank you Anthony, so much for sharing your story and a little bit more about this critical program. Appreciate your time. James: This country's the land of opportunity, there's just a group of people in this country who have not been afforded the opportunity yet.

India Hyderabad. India Mumbai. Japan Tokyo. Philippines Cebu. Philippines Manila. Singapore Singapore. South Korea Seoul. We also have offices in. Europe Locations Our presence in over markets around the globe means we can serve millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients.

France Paris. Germany Frankfurt. Italy Milan. Luxembourg Luxembourg. Poland Warsaw. Spain Madrid. Sweden Stockholm. Switzerland Geneva. United Kingdom Bournemouth. United Kingdom Glasgow. United Kingdom London. Israel Herzliya. Israel Tel Aviv. South Africa Johannesburg. Manama, Bahrain Riyadh, Saudi Arabia. North America Locations Our presence in over markets around the globe means we can serve millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients.

Canada Toronto. United States Brooklyn.