The Consequences Of Jpmorgan Chase

As the wide-reaching consequences of the Financial Crisis demonstrate, when a company is as influential as JPMorgan Chase & Co., the American public is a stakeholder. Their customers include individuals, corporations, small businesses, governments, universities…the list goes on. If an entity can bank, they can bank with JPMorgan Chase & Co. 60.6 million households have at least one consumer banking account with Chase—roughly half of American households. Chase is the number one credit card issuer in the United States, the number two mortgage issuer, and the number three automobile loan issuer. J. P. Morgan is the leading source of debit capital for governments and non-profits in the US, the top debt underwriter worldwide, and, together with the Chase brand, is the leading banking institution for over 18,000 Commercial and Industrial clients. …show more content…
is owned by 2,286 different institutional investors, with the largest shares being held by The Vanguard Group, BlackRock, State Street Corporation, and HighTower. The company employs over 240,000 people, with over 167,000 employees in the United States alone, chiefly working in local banking branches. Rivals of JPMorgan Chase & Co. primarily consist of the other Big Four banking institutions in the United States—Bank of America, Citigroup, and Wells Fargo. As an investment firm, the company’s suppliers are the entities that they invest in and that list is long and diverse, including large corporations like Facebook, Apple, and Oshkosh, small businesses, governments, and even other banking institutions, a list that notably includes their competitors Citigroup and Bank of