## Overview JPMorgan Chase & Co. is the largest bank in the United States and, as of 2025, the world’s largest bank by market capitalization, with operations in more than 100 countries and a global workforce exceeding 300,000 employees[4][5]. Headquartered in New York City, it is a systemically important financial institution recognized for its strength, scale, and innovation across consumer, commercial, and investment banking, asset management, and financial technology[2][4][5]. ## What the Organization Does JPMorgan Chase offers a comprehensive suite of financial services, including retail banking (under the Chase brand), investment banking, asset management, private banking, treasury services, and commercial banking. It serves individuals, small businesses, corporations, governments, and institutional clients, leveraging advanced technology to deliver digital banking solutions, payment systems, and cybersecurity innovations[2][5]. Its investment banking division is a global leader in mergers and acquisitions, capital markets, and advisory services, while its asset management arm manages trillions in client assets[5]. ## History The firm’s origins trace back to 1799, when Aaron Burr and Alexander Hamilton founded The Manhattan Company to provide clean water to New York City—a venture that quickly evolved into a bank due to a clever charter provision[1][3]. This institution later became The Bank of the Manhattan Company. Meanwhile, J.P. Morgan & Co. was established in 1871 by financier J.P. Morgan, becoming a dominant force in American finance[2][5]. The modern JPMorgan Chase emerged from the 2000 merger of J.P. Morgan & Co. and The Chase Manhattan Corporation, followed by significant acquisitions including Bank One (2004), Bear Stearns and Washington Mutual (2008), and First Republic Bank (2023)[2][4]. ## Key Achievements JPMorgan Chase has played pivotal roles in stabilizing financial markets, notably during the pan