Essay on Corporate Social Responsibility ( Csr ) Is Chase

2210 Words Mar 20th, 2016 9 Pages
The company I have selected to evaluate for its Corporate Social Responsibility (CSR) is Chase. This powerful banking organization has been a cornerstone in the banking world for years and given the already tepid public opinion towards wealthy institutions it is no wonder that Chase has been listed on American 's list of the most despised companies. Recent developments have not aided their case. In the ensuing essay, I will evaluate various aspects of the business as well as explain where this hatred is stemming from.
Brief History of Chase
In order to have a proper understanding and visual of Chase, I will begin with a brief history of the organization. The name and division of Chase banking is a subsidiary of JPMorgan Chase and classified as one of the largest four banks in the United States. This was not always the case. The parent company JPMorgan traces it origins and evolution as far back as 1799 and the Bank of Manhattan Company. The Chase portion of JPMorgan has a similarly intertwined history filled with mergers and acquisitions. More recently, in 1955, two banks, The Bank of the Manhattan Company and The Chase National Bank, merged together under the name Chase Manhattan Bank. The company remained with that name until 2000, when the bank merged with JPMorgan & Co. To this day the company is known as JPMorgan Chase Bank, shortened to Chase for marketing purposes.
Chase uses a variety of CSR efforts. This would make sense for a large organization as they are. In…

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