[nilesh]

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Hello sir is the Jpmorgan and Chase Banks are Federal Government bank? When they become federal government bank?

[Vishal Kotkar]

The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. The J.P. Morgan brand is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities services divisions.

The JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City.

It is the largest bank in the United States, the world's sixth largest bank by total assets, with total assets of US$2.5 trillion, and the world's second most valuable bank by market capitalization.

It is a major provider of financial services and according to Forbes magazine is the world's fourth largest public company based upon a composite ranking.

The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.

The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.

On March 15, 2008, the Federal Reserve engineered a deal to prevent a wider systemic crisis from the collapse of Bear Stearns.

On March 16, 2008, after a weekend of intense negotiations between JPMorgan, Bear, and the federal government, JPMorgan Chase announced that it had plans to acquire Bear Stearns in a stock swap worth $2.00 per share or $240 million pending shareholder approval scheduled within 90 days.

Visit an official site of JPMorgan Chase & Co:




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