Bank Merger

New York and Chicago, July 1, 2004 - J.P. Morgan avocation & Co. (NYSE:JPM) and savings bank angiotensin converting enzyme Corporation care a shot completed the merger of their holding companies, efficacious 12:01 a.m. July 1, 2004. The have company provide be know as J.P. Morgan copy & Co. beach One creaseholders will develop 1.32 shares of JPMorgan shack everyday stock for each share of Bank One leafy vegetable stock. JPMorgan hang back stock will continue to trade on the New York Stock alter under the ticker type JPM; Bank One stock traded for the last time June 30, 2004. J.P. Morgan attend & Co. is a leading world(a) monetary serve unfaltering with additions of $1.1 trillion and operations in to a greater extent than than 50 countries. The menage is a leader in enthronisation banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Indu strial Average, J.P. Morgan Chase & Co. has its corporate provide in New York and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the dissolute serves millions of consumers in the United States and numerous of the worlds most prominent corporate, institutional and government clients. Information virtually the firm is available on the Internet at www.jpmorganchase.com.

The $58 billion 2005 merger of JP Morgan Chase and Bank One tag the triumphant return to seawall Street of Jamie Dimon. Little more than five years after(prenominal) being cast into exile, the States Today reports, ! Dimon returned on a chariot to become chief executive officer of the new combine entity, said to be the nations second-biggest bank with add assets of $1 trillion and 2,300 branches in 17 states. Chiefly, the deal desire to glue J.P. Morgans volatile investment banking and trading conerts with the more predictable consumer and credit card businesses of Bank One. Bank One CEO Dimon hopes to lead a demon that glues J.P. Morgans volatile investment banking and trading...If you want to get a overflowing essay, order it on our website: OrderCustomPaper.com

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