jp morgan chase bank locations

Curtman could not be reached after the JPMorgan Chase email to The Independent. In an interview before the reversal, Curtman said he was puzzled. JPMorgan Chase bank locations near me. You can find a branch of Chase nearby using the map below or by visiting locator.chase.com, searching for your. Create lasting memories with the Disney Visa Credit Cards from Chase. Disney Visa Credit Cards are issued by JPMorgan Chase Bank, N.A. Member FDIC. jp morgan chase bank locations

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JPMorgan Chase bank reverses decision after Missouri calls out refusal to serve conservative group

JPMorgan Chase announced that they are reversing course after WePay, which is owned by the bank, refused to do business with a conservative group.

WePay had refused to provide ticket payment processing services for the Defense of Liberty organization for an event featuring Donald Trump Jr., citing terms of service which said they would not serve anyone who promotes "hate, violence, racial intolerance, terrorism, the financial exploitation of a crime[.]" In response, Missouri treasurer Scott Fitzpatrick threatened to have the state stop doing business with the bank, claiming ideological discrimination due to a failure to show evidence of violation.

"We won't be doing business with any bank in the state treasurer's office that chooses to discriminate against essentially half the population," Fitzpatrick told Fox News' "Tucker Carlson Tonight" on Wednesday

CHICK-FIL-A BOOTED FROM GROUP OF PROPOSED RESTAURANTS OPERATING AT MISSOURI AIRPORT: NOT INCLUSIVE

On Thursday, JPMorgan Chase said it was going in a different direction.

"After further review, we determined that this organization didn’t violate the terms of service, and we are reaching out to the client to discuss reinstating the account," a JPMorgan Chase spokesperson said in a statement to FOX Business.

TickerSecurityLastChangeChange %
JPMJPMORGAN CHASE & CO.166.96-1.32-0.78%

In a letter to JPMorgan Chase CEO Jamie Dimon, Fitzpatrick accused the company of discriminating against conservatives. He acknowledged that they have a right to do business with whomever they choose, but warned that it would be state policy not to work with them or any other financial institution if they were discriminating based on political beliefs.

JP Morgan Chase CEO Jamie Dimon. (Reuters / Reuters Photos)

Fitzpatrick noted in his letter that conservative views are "supported by half the country and 60% of voting Missourians in the last election." He said that refusing to do business based on political beliefs is divisive and "un-American."

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In their statement, the JPMorgan Chase spokesperson insisted that they do not engage in such discriminatory practices.

"To be clear, we have never and would never close an account due to a client’s political affiliation," they said.

Sen. Josh Hawley, R-Mo., was not satisfied with JPMorgan Chase's response.

"Frankly, your belated claim of an unspecific ‘mistake’ rings hollow, and requires explanation," Hawley said in a letter to Dimon sent Thursday. "As a bank that has taken billions of dollars in taxpayer bailouts, you owe the public, to say nothing of your customers, an honest explanation as to why you canceled a contract on a transparently pretextual basis that you now admit was wrong. And you owe the public an explanation as to why you decided to target a conservative group on the basis of their speech.

Источник: https://www.foxbusiness.com/politics/chase-bank-missouri-conservative-group

Amid coronavirus concerns, Chase Bank to temporarily close 1,000 branches, reduce hours


Corrections & Clarifications: An earlier version of this story misstated the number of branches Chase plans to temporarily close.

J.P. Morgan Chase is "temporarily" closing 1,000 bank branches, or 20% of its locations, effective Thursday amid growing coronavirus concerns.

Chase has sent bank staff from the branches, like financial advisors, tellers and lenders, to work from home.

The remaining 4,000 branches of Chase will stay open, albeit with reduced hours, 9:30 a.m. - 4 p.m., closing early by two hours. Chase says many of the branches have glass partitions and thus, protection for tellers. These branches also may have drive-up windows. 

In a note to staff, Thasunda Brown Duckett, CEO of Chase Consumer Banking, said Chase will continue to pay branch employees for their regularly-scheduled hours. "Even if their hours are reduced or the branch is closed and they are asked to report to another branch or stay home."

Additionally, she added that Chase has said two additional paid days away from work and extended the time that employees may carry over vacation days from 2019 to June 20, 2020.

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Credit: The Chase Sapphire Preferred card is the best credit card for travelers

Brown Duckett said Chase has stepped up cleaning at branches, placing alcohol-based hand sanitizer at main entrances, transaction lines and reception areas. "We will send a team of specialized cleaners if a branch has a confirmed or highly likely COVID-19 case within one hour of the report."

Bank of America said it would remain open. BofA has 4,300 locations, "and each one also has a 24/7 ATM available to clients," notes spokesman William Halldin. 

According to S&P Global Market Intelligence, Chase is the largest U.S. bank, based on assets, with $2.74 trillion, followed by BofA with $2.38 trillion, Citigroup with $1.96 trillion and Wells Fargo with $1.89 trillion. 

USA Today has also reached out to Wells Fargo and Citigroup.

This is a developing story. 

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Источник: https://www.usatoday.com/story/money/2020/03/18/coronavirus-temporarily-closes-bank-branches/2869382001/
Chase.com". www.chase.com. Retrieved February 25, 2021.
  • ^Kotz, David (1979). "The Significance of Bank Control over Large Corporations". Journal of Economic Issues. 13 (2): 407–426. doi:10.1080/00213624.1979.11503647. JSTOR 4224816.
  • ^"Chase to Buy Arizona Bank". The New York Times. October 18, 1985. ISSN 0362-4331. Retrieved January 19, 2020.
  • ^Quint, Michael (August 10, 1991). "COMPANY NEWS; Chase Adds 2 Banks To Enter Connecticut". The New York Times. ISSN 0362-4331. Retrieved January 19, 2020.
  • ^Mathews, Jay (August 29, 1995). "Chase, Chemical to Merge, Creating Largest U.S. Bank". The Washington Post.
  • ^Pinckney, Barbara (September 2, 1996). "Bank president leaves post in wake of wedding". www.bizjournals.com. Retrieved May 17, 2019.
  • ^Feeley, Jef; Church, Steven (September 27, 2008). "WaMu lists debt of $8B in bankruptcy". Bloomberg News. Bloomberg. Archived from the original on April 12, 2012. Retrieved October 14, 2011.
  • ^"Q&A What former WaMu customers can expect". Seattle Post-Intelligencer. September 26, 2008. Retrieved October 14, 2011 – via Houston Chronicle.
  • ^Benoit, David (October 27, 2010). "J.P. Morgan, HSBC sued for silver manipulation". MarketWatch. Retrieved October 14, 2011.
  • ^Touryalai, Halah. "4 Reasons JPMorgan Needs Jamie Dimon As CEO And Chairman Right Now". Forbes. Retrieved April 22, 2019.
  • ^"JPMorgan Chase, Bank One complete merger" (Press release). JPMorgan Chase. July 1, 2004. Archived from the original on February 16, 2016. Retrieved October 14, 2011.
  • ^Henry, D., "Insight: How JPMorgan's CFO became the top prospect to succeed Dimon", Reuters, September 15, 2018.
  • ^Dutton, R., Financial Meltdown (Oxton: Infodial, 2009), p. 115.
  • ^Ellis, David; Sahadi, Jeanne (September 25, 2008). "JPMorgan buys WaMu". CNN. Retrieved October 14, 2011.
  • ^"Chase to Acquire Collegiate Funding Services". Business Wire. December 15, 2005. Retrieved October 14, 2011.
  • ^"JPMorgan Chase completes acquisition of The Bank of New York's consumer, small-business and middle-market banking businesses". Investor.shareholder.com. Archived from the original on November 22, 2016. Retrieved February 1, 2020.
  • ^https://patch.com/pennsylvania/pittsburgh/chase-more-doubles-pittsburgh-presence
  • ^https://www.post-gazette.com/business/money/2019/01/08/Chase-bank-branches-Pittsburgh-region-Bank-of-America-PNC/stories/201901080048
  • ^Sabatini, Patricia (March 21, 2009). "FNB won't buy National City units". Pittsburgh Post-Gazette.
  • ^https://www.theguardian.com/money/2021/sep/25/jp-morgan-launches-digital-only-chase-current-account-in-uk
  • ^https://www.chase.co.uk/
  • ^https://www.which.co.uk/news/2021/09/jp-morgan-chase-launches-new-uk-bank-account-is-it-any-good/
  • ^"Thousands of Intelligence Documents Opened under the Nazi War Crimes Disclosure Act" (Press release). National Archives and Records Administration. May 13, 2004. Retrieved September 13, 2012.
  • ^Breitman, Richard; Goda, Norman; Naftali, Timothy; Wolfe, Robert (April 4, 2005). "Banking on Hitler: Chase National Bank and the Rückwanderer Mark Scheme, 1936–1941". U.S. Intelligence and the Nazis. Cambridge University Press. pp. 173–202. ISBN . Retrieved September 13, 2013.
  • ^ abYeadon, Glen; Hawkins, John (June 1, 2008). The Nazi Hydra in America: Suppressed History of a Century. Joshua Tree, California: Progressive Press. p. 195. ISBN . Retrieved September 13, 2013.
  • ^Beckett, P., "Chase Manhattan, J.P. Morgan Are Named in Suit on Holocaust", The Wall Street Journal, December 24, 1998.
  • ^Siemaszko, Corky (December 7, 1998). "Chase Banked On Nazis - Report". Daily News. New York. Retrieved September 13, 2013 – via newsmine.org.
  • ^"Barclays to Compensate Jews". BBC News. December 17, 1998. Retrieved September 13, 2013.
  • ^"World: Europe US banks gave Jewish money to Nazis". BBC News. February 3, 1999. Retrieved September 13, 2013.
  • ^Javers, E., "JPMorgan to Pay $88 Million for Violating US Sanctions", CNBC, August 25, 2011.
  • ^"JPMorgan Chase Still Going Strong Despite Paying Billions for Long List of Misdeeds". March 26, 2013.
  • ^"JPMorgan Chase Whale Trades: A Case History of Derivatives RIsks and Abuses, Majority and Minority Staff Report". United States Senate, Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, Carl Levin, Chairman, John McCain, Ranking Minority Member. March 15, 2013.
  • ^"JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses". March 15, 2013.
  • ^"The Price of Evil at JPMorgan Chase". March 20, 2013.
  • ^"JPMorgan Chase Caught "Misrepresenting" Credit Card Collections; Whistleblower Fired". March 16, 2012.
  • ^Hilton, Perez. "EXCLUSIVE! Porn Stars Are Getting The Shaft From Chase Bank! AGAIN!! Accounts Closed For 100s In The Biz?!". Perezhilton.com. Retrieved April 26, 2014.
  • ^del Castillo, Michael. ""Hundreds" of porn stars reportedly blacklisted from Chase Bank". Business Journals. Retrieved April 26, 2014.
  • ^"Banks to porn stars your money's not welcome". NBC News. Archived from the original on October 29, 2013. Retrieved April 26, 2014.
  • ^Dotinga, William. "Look Who's Talking, Porn Mogul Tells Bank". Courthouse News Service. Retrieved April 26, 2014.
  • ^Hymes, Tom (May 15, 2013). "Chase Sued for Denying Porn King Loan on 'Moral' Grounds". Adult Video News. Retrieved April 26, 2014.
  • ^ abcKernes, Mark. "JPMorgan Chase Closes Porn Star Accounts, Citing ... 'Ethics'!?! The most ethical thing adult industry members can do is to close any Chase accounts they may have". Adult Video News. Retrieved April 26, 2014.
  • ^Kingkade, Tyler (March 31, 2014). "Chase Will Process Payments For Lovability Condoms After All". The Huffington Post. Retrieved April 26, 2014.
  • ^John Aiden Byrne (May 25, 2019). "JPMorgan Chase accused of purging accounts of conservative activists". New York Post. Retrieved May 28, 2019.
  • ^"EnergyTransfer.com - Investor Relations - SEC Filings". governance.energytransfer.com. Archived from the original on January 31, 2017. Retrieved February 2, 2017.
  • ^Tabuchi, Hiroko (November 7, 2016). "Environmentalists Target Bankers Behind Pipeline" – via NYTimes.com.
  • ^Lapin, T. (May 30, 2019). "Dad reaches historic paid leave settlement with JPMorgan Chase". New York Post. Retrieved May 31, 2019.
  • ^Gibson, K., "Dad sued employer JPMorgan Chase over parental leave pay—and won", CBS News, May 30, 2019.
  • ^Eidelson, J., "JPMorgan Agrees to Record Settlement in Anti-Dad Bias Case", Bloomberg News, May 30, 2019.
  • ^Lippman, T. W., Crude Oil, Crude Money: Aristotle Onassis, Saudi Arabia, and the CIA (Santa Barbara, CA: ABC-CLIO, 2019), p. 26.
  • ^Greenfield, Patrick (October 13, 2019). "Top investment banks provide billions to expand fossil fuel industry". The Guardian. ISSN 0261-3077. Retrieved January 6, 2020.
  • ^Lutton, Linda; Fan, Andrew; Loury, Alden (June 3, 2020). "Home Loans in Chicago: One Dollar To White Neighborhoods, 12 Cents To Black". WBEZ Chicago. Retrieved March 3, 2021.
  • ^Lutton, Linda (June 17, 2020). "Several Chase Bank Branches Close Amid Protests Over Unequal Lending". WBEZ Chicago. Retrieved March 3, 2021.
  • ^Hutson, Wendell (February 4, 2021). "Chase unveils its first community branch in Chicago". Crain's Chicago Business. Retrieved March 3, 2021.
  • Further reading[edit]

    • Bird, Kai (1992). The Chairman: John J. McCloy, the Making of the American Establishment. New York: Simon & Schuster. ISBN . OCLC 25026508.
    • Koeppel, Gerard T. (2000). Water for Gotham: A History. Princeton, NJ: Princeton Univ. Press. ISBN . OCLC 247735191.
    • Rockefeller, David (2002). Memoirs. New York: Random House. ISBN . OCLC 231967677.
    • Wilson, John Donald (1986). The Chase: The Chase Manhattan Bank, N.A., 1945–1985. Boston, Mass: Harvard Business School Press. ISBN . OCLC 13581810.

    External links[edit]

    Источник: https://en.wikipedia.org/wiki/Chase_Bank

    : Jp morgan chase bank locations

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    Chase Bank

    National bank headquartered in Manhattan, New York City

    For the buildings, see Chase Tower (Chicago) and Bank of the Manhattan Company Building.

    Chase branches in the U.S. in 2020

    JPMorgan Chase Bank, N.A., doing business asChase Bank or often as Chase, is an American national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Jp morgan chase bank locations. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000.[2] Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955.[3] The bank merged with Bank One Corporation in 2004[4] and later acquired the deposits and most assets of Washington Mutual.

    Chase offers more than 5,100 branches and 17,000 ATMs nationwide.[5] JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had their assets of $2.49 trillion in 2016.

    JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States.[6][7]

    History[edit]

    From September 1, 1799, to 1955, it was called The Bank of The Manhattan Company (New York); after a 1955 merger with the Chase National Bank (which existed separately from 1877 to 1954) it was called The Chase Manhattan Bank.[8][9]

    Chase's southwest regional headquarters in Phoenix, Arizona.

    The Manhattan Company[edit]

    Main article: Bank of the Manhattan Company

    Chase traces its history back to the founding of The Manhattan Company by Aaron Burr on September 1, 1799, jp morgan chase bank locations a house at 40 Wall Street:[2]

    After an epidemic of yellow fever in 1798, during which coffins had been sold by itinerant vendors on street corners, Aaron Burr established the Manhattan Liberty savings bank routing number, with the ostensible aim of bringing clean water to the city from the Bronx River but in fact, designed as a front for the creation of New York's second bank, rivaling Alexander Hamilton's Bank of New York.

    — The Economist[10]

    In 2006, the modern-day Chase bought the retail banking division of the Bank of New York, which then only months later merged with Pittsburgh-based Mellon Financial to form the present-day BNY Mellon.[11][12]: 23–26 

    Chase National Bank[edit]

    Chase National Bank was formed in 1877 by John Thompson.[2] It was named after former United States Treasury Secretary and Chief Justice Salmon P. Chase,[3] although Chase did not have a connection with the bank.[2]

    The Chase National Bank acquired a number of smaller banks in the 1920s through its Chase Securities Corporation. In 1926, for instance, it acquired Mechanics and Metals National Bank.

    Specimen Stock Certificate

    However, its most significant acquisition was that of the Equitable Trust Company of New York in 1930, the largest stockholder of which was John D. Rockefeller, Jr.[13] This made Chase the largest bank in the US and indeed, in the world.

    Chase was primarily a wholesale bank, dealing with other prominent financial institutions and major corporate clients, such as General Electric,[14]: 450  which had, through its RCA subsidiary, leased prominent space and become a crucial first tenant of Rockefeller Center, rescuing that major project in 1930. The bank is also closely associated with and has financed the oil industry, having longstanding connections with its board of directors to the successor companies of Standard Oil, especially ExxonMobil, which are also Rockefeller holdings.

    Merger as Chase Manhattan Bank[edit]

    Manhattan Company (1799-1955) letterhead c. 1922
    Chase National Bank (1877-1955) letterhead c. 1921

    In 1955, Chase National Bank and The Manhattan Company merged to create the Chase Manhattan Bank.[2] As Chase was a much larger bank, it was first intended that Chase acquire the "Bank of Manhattan", as it was nicknamed, but it transpired that Burr's original charter for the Manhattan Company had not only included the clause allowing it to start a bank with surplus funds, but another requiring unanimous consent of shareholders for the bank to be taken over. The deal was therefore structured as an acquisition by the Bank of the Manhattan Company of Chase National, with John J. McCloy becoming chairman of the merged entity. This avoided the need for unanimous consent by shareholders.

    For Chase Manhattan Bank's new logo, Chermayeff & Geismar designed a stylized octagon in 1961, which remains part of the bank's logo today.[15] It has been reported that the Chase logo was a stylized representation of the primitive water pipes laid by the Manhattan Company,[16] but this story was refuted in 2007 by Ivan Chermayeff himself. According to Chermayeff, the Chase logo was merely intended to be distinctive and geometric, and was not intended at all to resemble a cross-section of a wooden water pipe.[17] According to Chase, the sides of the octagon represent forward motion, while the blank space in the middle suggests progress originates from the center; and is a single unit made up of separate parts, like the bank.[18] The bank included an asset management business called the Chase Investors Management Corporation. Under McCloy's successor, George Champion, the bank relinquished its antiquated 1799 state charter for a modern one. In 1969, under the leadership of David Rockefeller, the bank became part of a bank holding company, the Chase Manhattan Corporation.[3]

    The mergers and acquisitions during this period allowed Chase Jp morgan chase bank locations to expand its influence over many non-financial corporations. A 1979 study titled "The Significance of Bank Control over Large Corporations"[19] found that: "The Rockefeller-controlled Chase Manhattan Bank tops the list, controlling 16 companies." In 1985, Chase Manhattan expanded into Arizona by acquiring Continental Bank.[20] In 1991, Chase Manhattan expanded into Connecticut by acquiring two insolvent banks.[21]

    Mergers with Chemical, J.P. Morgan[edit]

    In August 1995, Chemical Bank of New York and Chase Manhattan Bank announced plans to merge.[22] The merger was completed in August 1996.[23] Chemical's previous acquisitions included Manufacturers Hanover Corporation, in 1991, and Texas Commerce Bank, in 1987. Although Chemical was the nominal survivor, the merged company retained the Chase name since not only was it was better known (particularly outside the United States), but the original charter of Chase required that the name be retained in any future business ventures. Hence, even today, it is known as JPMorgan Chase.

    In December 2000, the combined Chase Manhattan completed the acquisition of J.P. Morgan & Co. in one of the largest banking mergers to date. The combined company was tax free savings account interest calculator JPMorgan Chase. In 2004, the bank acquired Bank One, making Chase the largest credit card issuer in the United States. JPMorgan Chase added Bear Stearns and Washington Mutual to its acquisitions in 2008 and 2009 respectively. After closing nearly 400 overlapping branches of the combined company, less than 10% of its total, Chase will have approximately 5,410 branches in 23 states as of the closing date of the acquisition.[24][25] According to data from SNL Financial (data as of June 30, 2008), this places Chase third behind Wells Fargo and Bank of America in terms of total U.S. retail bank branches.

    In October 2010, Chase was named in two lawsuits alleging manipulation of the silver market.[26] The suits allege that by managing giant positions in silver futures and options, the banks influenced the prices of silver on the New York Stock Exchange's Comex Exchange since early 2008.

    The following is an illustration of the company's major mergers and acquisitions and historical predecessors to 1995 (this is not a comprehensive list):

    Bank One Corporation[edit]

    Main article: Bank One Corporation

    In 2004, JPMorgan Chase merged with Chicago-based Bank One Corp., bringing on board its current chairman and CEOJamie Dimon as president and COO and designating him as CEO William B. Harrison, Jr.'s successor. Dimon's pay was pegged at 90% of Harrison's. Dimon quickly made his influence felt by embarking on a cost-cutting strategy and replaced former JPMorgan Chase executives in key positions with Bank One executives—many of whom were with Dimon at Citigroup. Dimon became CEO in January 2006 and Chairman in December 2006 after Harrison's resignation.[27]

    Bank One Corporation was formed upon the 1998 merger between Banc One of Columbus, Ohio and First Chicago NBD. These two large banking companies were themselves created through the merger of many banks. JPMorgan Chase completed the acquisition of Bank One in Q3 2004. The merger between Bank One and JPMorgan Chase meant that corporate headquarters were now in New York City while the retail bank operations of Chase were consolidated in New York.[28][29]

    The following is an illustration of Bank One's major mergers and acquisitions and historical predecessors (this is not a comprehensive list):

    Bank One
    (merged 1998)
    Banc One Corp
    (merged 1968)

    City National Bank
    & Trust Company (Columbus, Ohio)

    Farmers Saving
    & Trust Company

    First Chicago NBD
    (merged 1995)
     

    Louisiana's First
    Commerce Corp.

    Washington Mutual[edit]

    Main article: Washington Mutual

    On September 25, 2008, JPMorgan Chase bought most banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation (FDIC).[30]: 115  That night, the Office of Thrift Supervision, in what was by far the largest bank failure in American history, seized Washington Mutual Bank and placed it into receivership. The FDIC sold the bank's assets, secured debt obligations and deposits to JPMorgan Chase Bank, NA for $1.888 billion, which re-opened the bank the following day. As a result of the takeover, Washington Mutual shareholders lost all their equity.[31] Through the acquisition, JPMorgan became owner of the former accounts of Providian Financial, a credit card issuer WaMu acquired in 2005. The company completed the rebranding of Washington Mutual branches to Chase in late 2009.

    Other recent acquisitions[edit]

    In the first quarter of 2006, Chase purchased Collegiate Funding Services, a portfolio company of private equity firm Lightyear Capital, for $663 million. CFS was used as the foundation for the Chase Student Loans, previously known as Jp morgan chase bank locations Education Finance.[32] In April of that same year, Chase acquired the Bank of New York Co.'s retail and small business banking network. This gave Chase access to 338 additional branches and 700,000 new customers in New York, New Jersey, Connecticut, and Indiana.[33]

    In 2019, Chase began opening retail 1st national bank paragould ar in Pittsburgh and other areas within Western Pennsylvania; this coincided with Bank of America starting a similar expansion within the area the previous year.[34] Even though Chase entered the market organically as opposed to a merger & acquisition, they still had to receive approval from the Office of the Comptroller of the Currency to open branches due to Chase's size as a whole.[35] Before Chase and Bank of America expanded its retail presence into the market, Pittsburgh had been one of the largest U.S. cities without a retail presence from any of the "Big Four", with locally-based PNC Financial Services (no. 6 nationally) having jp morgan chase bank locations commanding market share in the area. Chase had previously considered buying National City branches from PNC that were required for divesture following that bank's acquisition of National City in 2009, but were instead sold to First Niagara Bank (since absorbed into KeyBank); it had been speculated that PNC intentionally sold the branches to a much smaller competitor due to not wanting to compete with a "Big Four" bank in its home market.[36]

    In September 2021, JPMorgan Chase entered the UK retail banking market by launched an app-based current account under the Chase brand. This is the company's first retail banking operation outside the of United States.[37][38][39]

    Controversies[edit]

    WWII Related Controversies[edit]

    Purchase of Nazi Germany's Reichsmarks[edit]

    A press release little america slc reservations the National Archives and Records Administration (NARA) in 2004 announced that many of the new Federal Bureau of Investigation (FBI) files had become declassified. This declassification enabled the discovery that before and during the early years of World War II, the German government sold a special kind of Reichsmark, known as Rückwanderer [returnee] Marks, to American citizens of German descent. Chase National Bank, along with other businesses, were involved in these transactions. Through Chase, this allowed Nazi sympathizers to purchase Marks with dollars at a discounted rate. Specifically, "The financial houses understood that the German government paid the commissions (to its agents, including Chase) through the sale of discounted, blocked Marks that came mainly from Jews who had fled Germany." In other words, Nazi Germany was able to offer these Marks below face-value because they had been stolen from emigrés fleeing the Nazi regime. Between 1936 and 1941, the Nazis amassed over $20 million, and the businesses enabling these transactions earned $1.2 million in commissions. Of these commissions, over $500,000 went to Chase National Bank and its subagents.

    These facts were discovered when the FBI began its investigation in October 1940. The purpose of the investigation was to follow German-Americans who had bought the Marks. However, Chase National Bank's executives were never federally prosecuted because Chase's lead attorney threatened to jp morgan chase bank locations FBI, Army, and Navy "sources and methods" in court.[citation needed] Publicly naming the sources and methods could have posed security risks and threatened future intelligence gathering. To avoid such revelations, the executives' violations of the Johnson Act, the Espionage Act, and the Foreign Agents Registration Act were never prosecuted.[40][41][42]

    Release of funds for Nazi Germany[edit]

    Besides the controversial Rückwanderer Mark Scheme, NARA records also revealed another controversy during the occupation of France by the Nazis. From the late 1930s until June 14, 1941, when President Franklin D. Roosevelt (FDR) issued an Executive Order freezing German assets, Chase National Bank worked with the Nazi government. The order blocking any access to French accounts in the U.S. by anyone, but especially by the Nazis was issued by Secretary of the Treasury, Henry Morgenthau Jr., with the approval of FDR. Within hours of the order, Chase unblocked the accounts and the funds were transferred through South America to Nazi Germany.[42]

    Refusal to release funds belonging to Jews in occupied France[edit]

    U.S. Treasury officials wanted an investigation of French subsidiaries of American banks, such as Chase Bank, J.P. Morgan & Co, National City Corporation, Guaranty Bank, Bankers Trust, and American Express. Of these banks, only Chase and Morgan remained open in France during the Nazi occupation. The Chase branch chief in Paris, France, Carlos Niedermann, told his supervisor in New York that there had been an "expansion of deposits". Also, Niedermann was, "very vigorous in enforcing restrictions against Jewish property, even going so far as to refuse to release funds belonging to Jews in anticipation that a decree with retroactive provisions prohibiting such release might be published in the near future by the occupying Nazi authorities"[citation first responders park webster ny.

    In 1998, Chase general counsel William McDavid said that Chase did not have control over Niedermann. Whether that claim was true or not, Chase Manhattan Bank acknowledged seizing about 100 accounts during the Vichy regime. Kenneth McCallion, a partner in the New York firm Goodkind Labaton Rudoff & Sucharow,[43] led a lawsuit against Barclays Bank for the illegal seizure of assets during WWII and has since turned his attention toward Chase. The World Jewish Congress (WJC), entered into discussions with Chase and a spokesperson for the WJC said, "Nobody at Chase today is guilty. They were not involved in whatever happened, but they do accept that they have an institutional responsibility." A Chase spokesman said, "This is a moral issue that we take very seriously." Chase general counsel McDavid added, "that Chase intends to compensate Jewish account holders whose assets were illegally plundered". In 1999, city savings bank grand lake French government formed a commission to report findings to Prime MinisterLionel Jospin. Claire Andrieu, a commission member and history professor at the Sorbonne, said that under the Vichy regime, French banks received visits from Nazi officials but U.S. banks did not. At that time, they did not have to report Jewish accounts, but they did just as the French banks did. She goes on to say that an American ambassador jp morgan chase bank locations the U.S. subsidiaries.[44][45][46]

    Recent controversies[edit]

    JPMorgan Chase has paid $16 billion in fines, settlements, and other litigation expenses from 2011 to 2013. Of the $16 billion JPMorgan Chase has paid, about $8.5 billion were for fines and settlements resulting from illegal actions taken by bank executives, according to Richard Eskow at the Campaign for America's Future, who cited a new report from Joshua Rosner of Graham Fisher & Co.

    The $16 billion total does not include a recent settlement that calls for JPMorgan Chase to pay $100 million to waive $417 million in claims it had made against clients of the firm MF Global.

    The U.S. Treasury's Office of Foreign Assets Control found that JPMorgan had illegally aided dictatorships in Cuba, Sudan, Liberia and Iran, including transferring 32,000 ounces of gold bullion (valued at approximately $20,560,000) to the benefit of a bank in Iran. JPMorgan did not voluntarily self-disclose the Iranian matter to OFAC.[47]

    Among its other transgressions, JPMorgan has been found to have:[48][49][50][51][52]

    Targeted account closures[edit]

    During 2013 and 2014, Chase and other banks received media attention for the practice of canceling the personal and business accounts of hundreds of legal sex workers, citing in some instances the "morality clause" of their account agreement.[53] Later it was discovered that this practice included mortgage accounts and business loans.[54] Chase canceled the mortgage refinancing process for one individual, that the bank had initiated, whose production company made soft core films like those broadcast on Cinemax.[55] This resulted in a lawsuit[56] which cited evasive dealings and misleading statements by several Chase executives including Securities Vice President Adam Gelcich, Legal Fair Lending Department Vice President Deb Vincent, and an unnamed executive director and assistant general counsel.[57]

    In addition to closing accounts for sex workers, the bank has also been using its "morality clause" to disassociate from other types of businesses.[58] Some of these other businesses include medical marijuana dispensaries and any that are "gun related".[58] Wells fargo dealer services online bill pay was a woman-owned condom manufacturing company called Lovability Condoms. Company founder Tiffany Gaines was rejected by Chase Paymentech services "as processing sales for adult-oriented products is a prohibited vertical" and was told that it was a "reputational risk" to process payment for condoms.[58] Gaines then started a petition to ask Chase to review and change its policy of classifying condoms as an "adult oriented product". The bank later reversed its decision fifth third bank credit card login invited Gaines to submit an application citing that was already doing business with a "wide variety of merchants, including grocers and drug stores, that sell similar products".[59]

    In 2019 the bank faced growing criticism for its alleged practice of arbitrarily targeting the personal accounts of outspoken online personalities such as Martina Markota and Proud Boys chairman Enrique Tarrio. Although the specific motives behind the closures were not officially disclosed the assumption among many on the right was that they were political in nature.[60]

    Dakota Access Pipeline[edit]

    Financial documents[61] from Energy Transfer Partners, the pipeline builder for the Dakota Access Pipeline, lists a number of large banking institutions that have provided credit for the project, including JP Morgan Chase. Because of these financial ties, Chase and other banks were a target[62] of the Dakota Access Pipeline protests during 2016 and 2017.

    Parental leave policy[edit]

    JPMorgan Chase agreed to pay $5 million to compensate their male employees who did not receive the same paid parental leave as women from 2011 to 2017.[63] In December 2017, the bank "clarified its policy to ensure equal access to men and women looking to be their new child's main caregiver".[64] According to the involved attorneys, this is the biggest recorded settlement in a U.S. parental leave discrimination case. JPMorgan agreed to train and monitor to ensure equal parental leave benefits and stated that "its policy was always intended to be gender-neutral".[65]

    Fossil fuel investment[edit]

    Chase has faced criticism and protests over its high rate of investment in various fossil fuel industries such as coal, oil, and gas.[66] A study released in October 2019 indicated that Chase invests more ($75 billion) in fossil fuels than any other bank.[67]

    Unequal Lending Practices[edit]

    A analysis of home purchases in Chicago from 2012 to 2018 by City Bureau and WBEZ Chicago showed that JP Morgan Chase, "loaned 41 times more in Chicago’s white neighborhoods than it did in the city’s black neighborhoods."[68] The report prompted protests at Chicago Chase branches in June 2020.[69] At a reopening of a remodeled Chase branch in Chicago's South Shore, Dimon said via video, "we have targets now to do $600 million (over the next five years) in new mortgages for Blacks and new homeowners in Chicago neighborhoods."[70]

    References[edit]

    1. ^"Financial Highlights"(PDF).
    2. ^ abcdeThe History of JPMorgan Chase & Co(PDF). JPMorgan Chase & Co. 2008. Archived from the original(PDF) on September 27, 2011. Retrieved October 14, 2011.
    3. ^ abc"J.P. Morgan Chase & Co". International Directory of Company Histories. St. James Press. 2001. Retrieved November 4, 2007.
    4. ^"History of Our Firm". JPMorgan Chase & Co. Retrieved October 14, 2011.
    5. ^"About Chase Bank". www.chase.com. Retrieved December 15, 2020.
    6. ^Tully, Shawn (February 27, 2009). "Will the banks survive?". Fortune Magazine/CNN Money. Retrieved December 17, 2009.
    7. ^"Citigroup posts 4th straight loss; Merrill loss widens". USA Today. Associated Press. October 16, 2008. Retrieved December 17, 2009.
    8. ^"$7.5 Bil. Chase Manhattan Bank Merger Set". American Banker. January 14, 1955. Archived from the original on November 10, 2013. Retrieved November 10, 2013.
    9. ^Anon., "Chase, Manhattan Banks 'Wed' With State's Blessing", The New York Times, April 1, 1955.
    10. ^Koeppel, Gerard T. (March 16, 2000). "Soaking the poor". The Economist. Retrieved October 14, 2011.
    11. ^Dash, E., "Bank of New York and Mellon Will Merge", The New York Times, December 5, 2006.
    12. ^Chaudhuri, R. R., The Changing Face of American Banking: Deregulation, Reregulation, and the Global Financial System (London: Palgrave Macmillan, 2014), pp. 23–26.
    13. ^Rockefeller, David (October 15, 2002). David Rockefeller: Memoirs. New York: Random House. pp. 124–25. ISBN .
    14. ^Chernow, R., The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance how do i put money on my cash app card York: Grove Atlantic, 1990), p. 450.
    15. ^"Chase Manhattan Bank". Chermayeff & Geismar. Retrieved October 14, 2011.
    16. ^Tett, Gillian (May 12, 2009). Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe. New York: Free Press. p. 82. ISBN .
    17. ^"Correction: Badillo's World, One Tenement's Tale and Eau N.Y.C."The New York Times. January 27, 2007. Retrieved September 4, 2020.
    18. ^"What's up with Chase's octagon?

      Find a Chase ATM or branch near you

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      Источник: https://locator.chase.com/

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      Amid coronavirus concerns, Chase Bank to temporarily close 1,000 branches, reduce hours


      Corrections & Clarifications: An earlier version of this story misstated the number of branches Chase plans to temporarily close.

      J.P. Morgan Chase is "temporarily" closing 1,000 bank branches, or 20% of its locations, effective Thursday amid growing coronavirus concerns.

      Chase has sent bank staff from the branches, like financial advisors, tellers and lenders, to work from home.

      The remaining 4,000 branches of Chase will stay open, albeit with reduced hours, 9:30 a.m. - 4 p.m., closing early by two hours. Chase says many of the branches have glass partitions and thus, protection for tellers. These branches also may have drive-up windows. 

      In a note to staff, Thasunda Brown Duckett, CEO of Chase Consumer Banking, said Chase will continue to pay branch employees for their regularly-scheduled hours. "Even if their hours are reduced or the branch is closed and they are asked to report to another branch or stay home."

      Additionally, she added that Chase has said two additional paid days away from work and extended the time that employees may carry over vacation days from 2019 to June 20, 2020.

      Money: Fed cuts rate to zero, launches more bond purchases in historic moves to fight coronavirus

      Credit: The Chase Sapphire Preferred card is the best credit card for travelers

      Brown Duckett said Chase has stepped up cleaning at branches, placing alcohol-based hand sanitizer at main entrances, transaction lines and reception areas. "We will send a team of specialized cleaners if a branch has a confirmed or highly likely COVID-19 case within one hour of the report."

      Bank of America said it would remain open. BofA has 4,300 locations, "and each one also has a 24/7 ATM available to clients," notes spokesman William Halldin. 

      According to S&P Global Market Intelligence, Chase is the largest U.S. bank, based on assets, with $2.74 trillion, followed by BofA with $2.38 trillion, Citigroup with $1.96 trillion and Wells Fargo with $1.89 trillion. 

      USA Today has also reached out to Wells Fargo jp morgan chase bank locations Citigroup.

      This is a developing story. 

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      Источник: https://www.usatoday.com/story/money/2020/03/18/coronavirus-temporarily-closes-bank-branches/2869382001/
      Chase.com". www.chase.com. Retrieved February 25, 2021.
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    65. ^Eidelson, J., "JPMorgan Agrees to Record Settlement in Anti-Dad Bias Case", Bloomberg News, May 30, 2019.
    66. ^Lippman, T. W., Crude Oil, Crude Money: Aristotle Onassis, Saudi Arabia, and the CIA (Santa Barbara, CA: ABC-CLIO, 2019), p. 26.
    67. ^Greenfield, Patrick (October 13, 2019). "Top investment banks provide billions to expand fossil fuel industry". The Guardian. ISSN 0261-3077. Retrieved January 6, 2020.
    68. ^Lutton, Linda; Fan, Andrew; Loury, Alden (June 3, 2020). "Home Loans in Chicago: One Dollar To White Neighborhoods, 12 Cents To Black". WBEZ Chicago. Retrieved March 3, 2021.
    69. ^Lutton, Linda (June 17, 2020). "Several Chase Bank Branches Close Amid Protests Over Unequal Lending". WBEZ Chicago. Retrieved March 3, 2021.
    70. ^Hutson, Wendell (February 4, 2021). "Chase unveils its first community branch in Chicago". Crain's Chicago Business. Retrieved March 3, 2021.

    Further reading[edit]

    • Bird, Kai (1992). The Chairman: John J. McCloy, the Making of the American Establishment. New York: Simon & Schuster. ISBN . OCLC 25026508.
    • Koeppel, Gerard T. (2000). Water for Gotham: A History. Princeton, NJ: Princeton Univ. Press. ISBN . OCLC 247735191.
    • Rockefeller, David (2002). Memoirs. New York: Random House. ISBN . OCLC 231967677.
    • Wilson, John Donald (1986). The Chase: The Chase Manhattan Bank, N.A., 1945–1985. Boston, Mass: Harvard Business School Press. ISBN . OCLC 13581810.

    External links[edit]

    Источник: https://en.wikipedia.org/wiki/Chase_Bank

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