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Jamie Dimon, head of JPMorgan Chase, at a recent charity event. On Motion pictures New To Netflix In October 2018 that he left Citigroup, Dimon instructed a coworker, "I'm never going to work for anyone else once more." Dimon was true to his phrase—the following job he took, in 2000, was because the chairman and CEO of Bank One, a Chicago institution that was experiencing monetary difficulties.
In keeping with the European monetary database Amadeus , JPMorgan Chase is the No. 1 holder of inventory in BP. That distinction also has earned the Wall Avenue financial institution the title of World Ultimate Owner” of the oil giant, as it owns 28.34% of BP. Subsequent, at 7.ninety nine%, is Legal and General Group, a British-primarily based monetary providers company with property of greater than $350 billion.
JPMorgan's fortress stability sheet (how good that strategy, begun when JPMorgan Chase merged with Bank One in 2004, appears now with hindsight) helped the financial institution survive the global monetary disaster better than nearly any other developed market bank.
Also in the 1980s, J.P. Morgan together with different commercial banks pushed the envelope of product offerings towards investment banking, beginning with the issuance of economic paper In 1989, the Federal Reserve permitted J.P. Morgan to be the first industrial financial institution to underwrite a corporate debt offering.
Joe Biden is reportedly contemplating Dimon for a place in the Treasury Department if the former vp is elected in November, in keeping with Axios Financial institution of America vice-chairman Anne Finucane can also be on the shortlist for a Treasury place, whereas Sen.

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