How JP Morgan Chase Became The Largest Bank In The US

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CNBC

CNBC

5 жыл бұрын

From the railroad and steel consolidations brokered by John Pierpont Morgan on Wall Street more than a century ago, to banking consolidation, the financial crisis and Jamie Dimon's leadership, J.P. Morgan Chase has been at the center of finance for more than a century. Here's the story of how the country's largest bank got to where it is today.
Biographer of J.P. Morgan Jean Strouse, longtime bank analyst Mike Mayo and CNBC banking reporter Hugh Son help tell the story. You’ll learn about how Aaron Burr and Alexander Hamilton are part of the bank’s history, along with the first ATM, and the company’s position moving forward into the future of digital banking.
Watch the video above to see how the country’s largest bank got to where it is today.
**Clarification** Since 2004, investors in JPM stock have outperformed the bank stock index by an average of 6% return every year. That's more than 6x the return of the index yearly (13:52)
In February, J.P. Morgan Chase announced it was in growth mode, expanding its branch network to cover 93 percent of the U.S. population by the end of 2022.
The aggressive growth plans will allow it to reach 80 million more consumers, or about one-quarter of the U.S. population, versus its footprint in 2018, the New York-based bank says.
The expansion of physical branches comes amid a consumer shift to mobile and online banking. The average number of teller transactions per customer has plunged 41 percent since 2014, according to J.P. Morgan's presentation at its investor day meeting.
But convenient branch locations are a key consideration for people thinking about switching banks, and most of the firm's growth in deposits has been fueled by people who use branches frequently, the bank said.
The company made it clear it had flexibility in its growth plans: More than 75 percent of its branches could be shuttered within five years or kept open for more than a decade.
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How JP Morgan Chase Became The Largest Bank In The US

Пікірлер: 1 800
@Aquamelli
@Aquamelli 5 жыл бұрын
Love these 15-20 minute videos that CNBC does... keep it up!
@vahangood5999
@vahangood5999 5 жыл бұрын
Agreed!
@adithyabhat4770
@adithyabhat4770 5 жыл бұрын
Yes!
@3oudayss
@3oudayss 5 жыл бұрын
I am learning english by listening to these videos :)
@samvitsaroj4757
@samvitsaroj4757 5 жыл бұрын
Agreed!
@mosesmsiska8095
@mosesmsiska8095 4 жыл бұрын
Me too, love love them. I'm so addicted
@jimjam8166
@jimjam8166 5 жыл бұрын
How JP Morgan Chase become the largest bank Answer: JP Morgan
@ThatThing1675
@ThatThing1675 5 жыл бұрын
Thats the JP Morgan part of the bank. How about the Chase bank? Ever heard of David R0ck€f€ll€r?
@chris-dd6uq
@chris-dd6uq 4 жыл бұрын
I love Chase
@usahackerzoneongooglechat7158
@usahackerzoneongooglechat7158 4 жыл бұрын
James Barnett Clear your worries your with the legit cyber ADMIN: trustcyber_tech on Instagram 💯
@stephanieduncan9143
@stephanieduncan9143 4 жыл бұрын
🗣️slave owners and used slaves as collateral ✊🏽
@GOGMusic
@GOGMusic 3 жыл бұрын
Off the backs of slaves 🤬
@krismine99
@krismine99 4 жыл бұрын
Honestly, love banking with JP Morgan. So easy and have had minimal issues. Checking account, Credit Card, Investments, and nobody near me can say the same thing about their bank
@Sigrafix
@Sigrafix 5 жыл бұрын
Little finger: "Chaos is a ladder.." JP Morgan Chase: "Hold my beer.."
@nzuzongeleka6561
@nzuzongeleka6561 5 жыл бұрын
Your comment, sir, is deeper than they will ever appreciate.
@ashishpnaik3383
@ashishpnaik3383 5 жыл бұрын
@@nzuzongeleka6561 Haha true
@Pretzulkj
@Pretzulkj 4 жыл бұрын
J.P. Morgan - *sees a company in distress* also J.P. Morgan - *reorganizes and consolidates company to turn a profit* JP Morgan Chase - *sees a company in distress* also JP Morgan Chase - *Purchases the comapny, then reorganizes and consolidates it to turn an even bigger profit*
@actualideas8078
@actualideas8078 4 жыл бұрын
Pretzul most of which was done with fake credit from European bankers utilizing fractional reserve banking. Look up Kuhn, Leob & co
@tyk7733
@tyk7733 5 жыл бұрын
Masters of Monopoly
@lorddoma6637
@lorddoma6637 5 жыл бұрын
Funny but we make them masters of monopoly.
@IvanOfficial01
@IvanOfficial01 5 жыл бұрын
Tyler Kirchman I just had a thought, what if the biggest bankers in the world play a game of Monopoly lol
@inferno7181
@inferno7181 5 жыл бұрын
Monopoly can only be played with the government.
@epicgamer8938
@epicgamer8938 5 жыл бұрын
What monopoly? And why is a monopolie neceseraly bad?
@gabbar51ngh
@gabbar51ngh 5 жыл бұрын
@@epicgamer8938 why is monopoly necessarily bad? No competition lead to raising the prices to whatever they want with no one to tackle them.
@the_devilboy666
@the_devilboy666 5 жыл бұрын
Fun fact: JP Morgan made his first fortune buying rifles right before the civil war and then selling them back to the gov- diabolically capital
@teacake6941
@teacake6941 5 жыл бұрын
Those guns were actually "rejects"and they would backfire right into the eyes of Union Soldiers... Howard Zinn is my source "People's History Of The United States of America" ... fight me!
@actualideas8078
@actualideas8078 4 жыл бұрын
The Devilboy selling something to the government or getting government contracts is not capitalism. If that’s what you were implying
@chiquita683
@chiquita683 4 жыл бұрын
Factual
@daveslow84
@daveslow84 3 жыл бұрын
Absolute genius! Can't hate him for that! 🤔👏
@thirddequito4571
@thirddequito4571 3 жыл бұрын
@@daveslow84 Lol the real story is Jp Morgan loan someone to have a capital to purchase rifle in the army. And then modernize it and sell back to the army. So the borrower paid the loan with interest with JP MORGAN.
@ingokramer4415
@ingokramer4415 3 жыл бұрын
I pray whoever reads this should become successful. keep l for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful.
@micheleserra2881
@micheleserra2881 3 жыл бұрын
Success is about focusing Your energy on what creates results and using what you already know
@micheleserra2881
@micheleserra2881 3 жыл бұрын
That feelings of being able to spend as much money on pointless stuff is the ultimate goal in life
@christianjenssen6714
@christianjenssen6714 3 жыл бұрын
Investing is good but it's up to you to get pass those fears and trust yourself to invest in a life changing mastermind.
@christianjenssen6714
@christianjenssen6714 3 жыл бұрын
Investing in bitcoin is another way of ensuring steady cash flow, I have been earning every week for a year now.
@oliviawalker7670
@oliviawalker7670 3 жыл бұрын
Crypto is a digital currency and the Most profitable investment of the new century
@Cian_
@Cian_ 5 жыл бұрын
I can't get enough of these videos, thanks CNBC
@cmdr1911
@cmdr1911 5 жыл бұрын
Chase been pretty good to me. The local branch is great. House and truck loans under 4.5% each, they are everywhere making it easy and all of the accounts have 0 fees, free safe deposits boxes. All banks are scummy, but I see how Chase has grown so large.
@michelleburkholder2547
@michelleburkholder2547 5 жыл бұрын
I love my credit union. I hate the big banks.
@luiselias1887
@luiselias1887 5 жыл бұрын
@@michelleburkholder2547 same here
@lawrence5039
@lawrence5039 2 жыл бұрын
Banks make money only one way: Investing in the market. They could care less about the retail business. Morgan is the largest because Congress and the Fed allow them to engage in illegal trading, and the Fed pays them so they can pay the billion dollar fines which the mainstream media blasts JPM for. J. Dimon is on the board of the NYC Fed also.
@Aplasticanimia
@Aplasticanimia Жыл бұрын
Hello please answer me
@myyt3824
@myyt3824 Жыл бұрын
@@michelleburkholder2547 yep! CU’s are by far the way to do.
@sanketmarutiraosonawane9519
@sanketmarutiraosonawane9519 4 жыл бұрын
What a transformation of a bank from financing projects to investment banking and more.
@nanakuffo2
@nanakuffo2 4 жыл бұрын
JPMorgan is the financial father of America. Long history in the financial world.
@mzahidmzahidmzahid69
@mzahidmzahidmzahid69 3 жыл бұрын
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally
@mzahidmzahidmzahid69
@mzahidmzahidmzahid69 3 жыл бұрын
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose - is the result of hard work and hustle over time
@mzahidmzahidmzahid69
@mzahidmzahidmzahid69 3 жыл бұрын
The amount of time you spend believing we can't is more than enough time to learn how you can
@levigunther2108
@levigunther2108 3 жыл бұрын
@Shohag Ahmed People wants to do what the 99% does but wants to get results that are fit for the 1%, but it doesn't work that way,
@ayesharahman5490
@ayesharahman5490 3 жыл бұрын
But where are the more credible source to learn about forex trading?
@brooklynlavoie5764
@brooklynlavoie5764 3 жыл бұрын
@@ayesharahman5490 Exactly.... I mean just look at the comment directly above your's! Wise comment.
@TommyDJr45
@TommyDJr45 5 жыл бұрын
We need more content like this, CNBC.
@DA-bm2mj
@DA-bm2mj 5 жыл бұрын
that gray-haired lady reminds me of Bathilda Bagshot, a magical historian from the Harry Potter books
@pagogo84
@pagogo84 4 жыл бұрын
Touché....
@GGPWN3D
@GGPWN3D 4 жыл бұрын
LMAO. Yup there was definitely something weird about her...
@camerontaylor7471
@camerontaylor7471 4 жыл бұрын
Yeah she looks albino... the white race is a generic mutation... that’s why they look like walking corpses ... and there skin is white symbolic of the bones that are left after a body decomposes...
@Mo0onShadoW
@Mo0onShadoW 2 жыл бұрын
@@camerontaylor7471 All races have their body representation, which one are you?
@saltaquatic
@saltaquatic 4 жыл бұрын
Very informative! Great mini documentary!
@Texas80
@Texas80 5 жыл бұрын
I'm currently reading Ron Chernow's book "The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance" ....great insights into banking history.
@anshulbhandari9870
@anshulbhandari9870 5 жыл бұрын
Take a shot every time someone say JP Morgan. Only if you want to die
@burtonl7239
@burtonl7239 5 жыл бұрын
Damn, you sure got some weak tolerance to alcohol.
@AST4EVER
@AST4EVER 5 жыл бұрын
@@burtonl7239 I can easily handle half a bottle of whiskey but not a barrell.... 🍻
@wingmanbbc
@wingmanbbc 5 жыл бұрын
Not sure who's going to die. ? I recommend you get your head examined. Maybe Scientology is right when they claim you haven't got a brain you can use.
@anshulbhandari9870
@anshulbhandari9870 5 жыл бұрын
@@wingmanbbc yeah I got my brain drained by Scientology but at least I met Tom Cruise
5 жыл бұрын
Do you know how JP Morgan Chase solved that problem of financial losses. What strategies did they take?? I need this information please!!
@Sovereign_Citizen_LEO
@Sovereign_Citizen_LEO 5 жыл бұрын
By far the best deal and acquisition for J.P. Morgan was "the veritable gift" of Washington Mutual, Inc. It alone gave Chase a massive footprint on the West Coast, as well as about $600+ Billion in assets, deposits, (as well as debt and liabilities). But it was a massive positive long term turning point for the company.
@Aplasticanimia
@Aplasticanimia Жыл бұрын
Hello
@lisaprendergast9716
@lisaprendergast9716 Жыл бұрын
I hadn’t heard the name Chrmical Bank in years. They used to be referred to on Wall Street as Comical Bank.. 1996.
@lisaprendergast9716
@lisaprendergast9716 Жыл бұрын
JPMorgan Chase consolidated when President Clinton removed the GS Act.
@lisaprendergast9716
@lisaprendergast9716 Жыл бұрын
He still doesn’t pay his lowest ranking employees, the bank tellers, a living wage. Elizabeth Warren generally chastising him, he has not improved much. He is a behometh that should be demonopolized by law like every other monopoly.
@lisaprendergast9716
@lisaprendergast9716 Жыл бұрын
We bailed him out. We bail out all big banks since the great Market Crash.
@AstonMartinStig
@AstonMartinStig 4 жыл бұрын
Great service. Been with them for a decade now, no complaints, great service almost every time.
@deviss2544
@deviss2544 Жыл бұрын
Jamie Dimon did a great job leading JPMorgan, imagine what would’ve happened if Sandy Weill didn’t deny Jamie Dimon the CEO position for Citigroup
@Mike-cd4qg
@Mike-cd4qg 5 жыл бұрын
Think what you want of JPM, but they're a great company to work for.
@imperial7873
@imperial7873 5 жыл бұрын
Mike seconded
@fnihp30
@fnihp30 5 жыл бұрын
Mike As an employee, I would have to agree! The best bank to work for!!!!
@wwestbrook3698
@wwestbrook3698 5 жыл бұрын
You must be new... Had enough after 30 years. Had to fight for my benefits.
@klad8125
@klad8125 5 жыл бұрын
yes! i agree! 😊😊
@chaitanyaankam6936
@chaitanyaankam6936 4 жыл бұрын
USA is fortunate to have such a huge bank...nice video
@Doggieman1111
@Doggieman1111 Жыл бұрын
Great mini-documentary. Very well produced.
@frederickjonesel1942
@frederickjonesel1942 3 жыл бұрын
This is a great documentary. Nicely done.
@asheshshrestha
@asheshshrestha 5 жыл бұрын
wow CNBC it's damn good. More of these please
@eduardgherasim2896
@eduardgherasim2896 5 жыл бұрын
Yeah good at snoozing and making JPMorgan into a hero. Sellouts
@dingmingzou9866
@dingmingzou9866 5 жыл бұрын
I still remember Chase Sapphire Reserve was the hottest topic in the credit card world.
@al11220
@al11220 4 жыл бұрын
It's all about that JP Morgan palladium reserve card.
@brajeshsingh2391
@brajeshsingh2391 4 жыл бұрын
haha. yes. I was thinking the same. when I was in US "Chase" credit cards were the ones sought after. As somebody with little credit history I was told it was hard to get a "Chase" credit card because they were really strict on applicants. but it seems they had better rewards. People told me Amex was the easier one to get cause they were new and trying to break into the market so they offered people with little credit history cards. Citi was sort of in the middle. wonder whats the market now ?
@fnihp30
@fnihp30 4 жыл бұрын
Brajesh Singh Amex has always been in the credit card business, that’s one of its core products.
@xavierrodriguez7657
@xavierrodriguez7657 3 жыл бұрын
@@brajeshsingh2391 did you ckme to the US in 1870?
@brajeshsingh2391
@brajeshsingh2391 3 жыл бұрын
@@xavierrodriguez7657 no but I am not interested in credit cards anymore.
@Eric-jb1ym
@Eric-jb1ym 5 жыл бұрын
I love these little history videos
@RyanSmith-wo2pi
@RyanSmith-wo2pi 4 жыл бұрын
And Z what
@isaacorellana1754
@isaacorellana1754 5 жыл бұрын
very informative ty
@NachoMon-real
@NachoMon-real 5 жыл бұрын
Bernie Sanders was still there in 99 fighting the issues in policy....
@ggp1847
@ggp1847 5 жыл бұрын
Dude knew what was up with the banks even before the financial crisis. smh
@Patrick-O-P
@Patrick-O-P 5 жыл бұрын
@@ggp1847 no he didn't
@burtonl7239
@burtonl7239 5 жыл бұрын
@@ggp1847 LOL, wut? Dude is a rambling old fart who spouted predictions without substantiation. He just throws accusations and gets lucky when one or two sticks.
@ViGuRouSTDE
@ViGuRouSTDE 5 жыл бұрын
@@burtonl7239 clearly you haven't researched enough
@MrCHI2cool
@MrCHI2cool 5 жыл бұрын
@@burtonl7239 Cite me one source that corroborates your claims.
@AGENTTE777
@AGENTTE777 5 жыл бұрын
And last Monday they did not have $4000 available in cash to withdraw at my closest branch.
@ToddTinley
@ToddTinley 5 жыл бұрын
Fractional Reserve Banking at its best!
@Sovereign_Citizen_LEO
@Sovereign_Citizen_LEO 5 жыл бұрын
There was a run on the bank that day :)
@wholelottapain8130
@wholelottapain8130 5 жыл бұрын
JP Morgan “Too big to fail”
@fnihp30
@fnihp30 4 жыл бұрын
Too big & too important to the global economy to fail.
@LMays-cu2hp
@LMays-cu2hp 3 жыл бұрын
Thank you for sharing.
@sonyw810ii
@sonyw810ii 4 жыл бұрын
Excited to start my journey here from the next week!
@mohdsuleman3370
@mohdsuleman3370 2 жыл бұрын
Hi bro so you are indian right what courese you did to land a job role in jp share your success story beo
@sonyw810ii
@sonyw810ii 2 жыл бұрын
@@mohdsuleman3370 I was lucky to join the bank. Profile was non core and not at all impacting on a financial level. I did my post grad in finance! All the best 👍
@kevind97
@kevind97 5 жыл бұрын
Very nice coverage. I like the timeline and explanation of each major event. My biggest question still that I haven't been able to answer from this video is why JP Morgan Chase is still opening banks in many places in the US, while every other bank is closing branches. I would appreciate if y'all got an analyst to explain this concept to me, at this day in age of technology. Are they catering to the other generation, beyond millennials or are they trying to attract Gen Z?
@joaoguilherme-ug9tu
@joaoguilherme-ug9tu Жыл бұрын
probably because monopoly, they are by far the most profitable bank.
@williamenzor6392
@williamenzor6392 21 күн бұрын
I always love to watch inspiring companies like this
@hanhai8515
@hanhai8515 5 жыл бұрын
Just when I thought the all the way back from the beginning History lesson was over, it went all the way back to 1700s to talk about Chase. lol
@scottmuller4440
@scottmuller4440 2 жыл бұрын
Really 😂...lol
@lukasgamans
@lukasgamans 3 жыл бұрын
as a 14 year old, this is very fascinating and im super interested
@milesblack1830
@milesblack1830 3 жыл бұрын
hah im 15
@qxdso
@qxdso 3 жыл бұрын
@@milesblack1830 I’m 17
@HRUSHIKESHNIMS
@HRUSHIKESHNIMS 2 жыл бұрын
@@qxdso I'm the boss baby, born with suit straight as a banker
@zaynzahir
@zaynzahir 5 жыл бұрын
We need many more such videos Great work CNBC
@babaummar4253
@babaummar4253 4 ай бұрын
Hello
@brianonyango1687
@brianonyango1687 4 жыл бұрын
CNBC am proud of you from Africa u guys are doing well to you viewers much love from Kenya
@yuvrajtoor6270
@yuvrajtoor6270 5 жыл бұрын
Very informative
@Eric345
@Eric345 4 жыл бұрын
Chase should rename their bank to JP Morgan. It sounds more prestigious.
@6YJI9
@6YJI9 3 жыл бұрын
My understanding is that they have two branches; One, Chase, for the every day average joe, and the other, already named JP Morgan, is (I think) their investment house which appeals to the upper class/1%'ers.
@dsar8727
@dsar8727 3 жыл бұрын
Chase is the brand that covers retail banking. JP Morgan is the brand that covers mostly Asset-Wealth Management and Investment Banking.
@rnnres4749
@rnnres4749 5 жыл бұрын
“The banks can’t fail because they’re not supposed to”
@2011blueman
@2011blueman 5 жыл бұрын
We should have been breaking up the too big to fail banks, and instead they've gotten larger.
@naftaliben-yehuda3972
@naftaliben-yehuda3972 3 жыл бұрын
Fantastic video.
@KarthikNagadevara7791
@KarthikNagadevara7791 5 жыл бұрын
Nun from the conjuring is here.
@Rach09_
@Rach09_ 5 жыл бұрын
u r bad hehehe
@milcotto4153
@milcotto4153 5 жыл бұрын
This is basically one big commercial for JP Morgan Chase. Not one negative word about them.
@milcotto4153
@milcotto4153 5 жыл бұрын
@Davidfails - I came here to learn about it. Are you suggesting that they have only done positive things for the US and for the world?
@guppy0112
@guppy0112 5 жыл бұрын
@@milcotto4153 like you? And the business you're in? Doesn't stop you from using their free banking 24/7 and borrowing their money though, does it? What do you ever do for free? Why don't you send people you're money- if it's so profitable? I could go on, but I won't.....
@Jonathan-pz6ws
@Jonathan-pz6ws 5 жыл бұрын
Wow your right... 🤔
@3883melange
@3883melange 2 жыл бұрын
So incredible!!
@Eric-jb1ym
@Eric-jb1ym 5 жыл бұрын
18:18 that tip is outrageous
@cnewt00
@cnewt00 5 жыл бұрын
I like their logo. It’s pretty
@TheCasualCouponer
@TheCasualCouponer 5 жыл бұрын
I was laid off from JPM at 50 in favor of someone who is younger and works for less. They screw people. That's how they are the biggest.
@doctorpanigrahi9975
@doctorpanigrahi9975 5 жыл бұрын
:(
@M5Dri3rz
@M5Dri3rz 5 жыл бұрын
Conversely, I was hired by JP Morgan and they were a great employer. They recruited me at the age of 21. It is fairly cut throat but if they kept around all the old blood, there would be no new jobs for all the people coming out of college now.
@TimothyLeow
@TimothyLeow 5 жыл бұрын
T Harmon you screwed yourself by trusting a company and not building a residual income. Take responsibility for your life and don’t depend on a corporation.
@TheCasualCouponer
@TheCasualCouponer 5 жыл бұрын
@@M5Dri3rz So just get rid of the...old blood?! ok
@TheCasualCouponer
@TheCasualCouponer 5 жыл бұрын
@@TimothyLeow LOL! Not sure why you assume I don't have residual income. I actually have a small online business that pays the bills and I started it while working fulltime for JPM. I also have other income streams. I stayed for the free education and benefits. Took the severance and invested it. I am fine and will always be fine. Doesn't change the fact that they seek out the older employees and lay them off before they can retire. Thankfully I was prepared.
@exzisd
@exzisd Жыл бұрын
Would love a feature length doc on JP Morgan taking more time to go into the nitty gritty details.
@dr.justusaluka4229
@dr.justusaluka4229 Күн бұрын
great work done inspiring
@HH-uj3hw
@HH-uj3hw 5 жыл бұрын
It funny when she says 'finally the federal reserve was founded' as if it a goverment owned or regulated bank.
@daud1543
@daud1543 5 жыл бұрын
So much Ignorance when she says it.
@AlexandertheGreat033
@AlexandertheGreat033 4 жыл бұрын
Central bank is independent. Which is great. No arguing, no politics.
@actualideas8078
@actualideas8078 4 жыл бұрын
Tr 235 I hope you’re being sarcastic
@eduardgherasim2896
@eduardgherasim2896 4 жыл бұрын
Federal Reserve... pretty much the death of independece and the sign of of your entire economy and population in the favor of a few rich... And CNBC thinks this is a good thing... Shoe you what kind of idiots they are, these are the same that talk about inequality in the country.
@eduardgherasim2896
@eduardgherasim2896 4 жыл бұрын
@@AlexandertheGreat033 if the Central Bank is independent... Who is it owned by? They make money out of nothing and loan it to governments that must pay it back creating inflation (basically your money loses value), where does the initial money come from? Have you ever asked yourself that question? Also if you must pay back money, who do you pay it to? Who owns the money in the Federal Reserve?
@bruswane9771
@bruswane9771 5 жыл бұрын
Wow... Gonna seriously consider buying JPM shares during the next recession/market crash...
@andriod8014
@andriod8014 5 жыл бұрын
Marlon very odd idea, are really a trader or just a part time investor?
@bruswane9771
@bruswane9771 5 жыл бұрын
@@andriod8014 why odd? I think I'd consider myself a newbie investor... Buying for long term
@andriod8014
@andriod8014 5 жыл бұрын
@@bruswane9771 oh so your new, makes sense.
@user-bl9dc9re1n
@user-bl9dc9re1n 8 ай бұрын
it's was interesting information about largest bank in our country!!!
@asishmohanty5800
@asishmohanty5800 3 жыл бұрын
Dear sir,mam, This is a honor, pleasant stay with JP MORGAN, JP MC as a gobal leader in international business, banking ! We love admire and do international business with all !
@teresabuehler4449
@teresabuehler4449 3 жыл бұрын
I and my husband were in debts for three years until I came across this dude on KZfaq and I explained my predicament to him, he then introduced me to an hacker that grant loans and does bank hack, PayPal hack, ,credit score fix, bank account, phone hack(cheating husband or wife) western union hack, cash app top up, credit card top up hack, NFCU referral/sponsorship, loan approval, Instagram verification, Facebook and many more. After the hacker went through my information, my debt of $45k was cleared by him. Now I’m debt free. you can reach him on WhatsApp +14132827250 or on Instagram @hak_slav or email him via hak.slav007@gmail.com (he doesn't take upfront) he is very fast and reliable...
@tkhannibal2476
@tkhannibal2476 5 жыл бұрын
JP Morgan is the banking version of Standard Oil they broke it down to 6 Big Oil Companies that operate to this day. I'm pretty sure they all report to one Family.
@stevederp9801
@stevederp9801 5 жыл бұрын
Tk Hannibal so chase manhattan is the Rockefeller’s standard oil bank. All of their oil money went into this bank because with all of those deposits the bank is allowed to loan like 10x the amount of has in deposits. So J.P. Morgan is essentially the same company as the big oil companies. They manage their money to underwrite stocks, loan money for mortgages and most importantly for auto loans. The real secret is that every auto loan for the last 100 years as well as credit cards for gas have all been funded by money from chase manhattan banks which is all oil money. They figured out how to make all of the money from oil, gas and steel into cars that were built with their steel, run with their gas, paid for with their banks credit cards and cars financed by their banks loans. I haven’t even begun on how the banks own the insurance companies stocks so they make all of the money from that as well. JP Morgan and Rockefeller were geniuses with this stuff.
@actualideas8078
@actualideas8078 4 жыл бұрын
Tk Hannibal yep. And GE is being audited right now. CHeck it out
@fnihp30
@fnihp30 4 жыл бұрын
Somewhat. J.P. Morgan & Co. we’re forced to spin off Morgan Stanley as a result of the Glass-Steigal act of the 30s. I’m that respect, yes, it is similar to Standard Oil since they TI were forced to spin off multiple oil companies since they were a monopoly.
@zanda143
@zanda143 4 жыл бұрын
2:00 this lady scared me
@alexgreat2445
@alexgreat2445 3 жыл бұрын
Do more of this kind of piece on other banks like BAC and CItit
@user-lz1zy7hg8g
@user-lz1zy7hg8g 4 жыл бұрын
Hi. Thank you for your...
@lorendsalazar
@lorendsalazar 5 жыл бұрын
The very idea the video would speak of history of Morgan Banks with out addressing the fact that Morgan was early on, a front for the Rothschild Banks is a huge oversight. When Morgan died, the world knew .
@thedollbabys1073
@thedollbabys1073 4 жыл бұрын
I demand a mention of SONJA TREMONT MORGAN and the iconic line 'you dont touch the Morgan letters!" #RHONY
@HadjaHeatherBarry
@HadjaHeatherBarry 4 ай бұрын
I used to invest to Merryl Linch inAtlanta,but I am just with JPMorgan and Goldman Sacks.Thanks Everyone !
@aliqazilbash5231
@aliqazilbash5231 3 жыл бұрын
awesome! how do i go about making a withdrawal, because i need to. thank you
@vernefits1953
@vernefits1953 5 жыл бұрын
Carlito's way: 'He Is the JP Morgan of smack right here.'
@timbrown1947
@timbrown1947 5 жыл бұрын
0.01 interest rate on a savings account
@RJMH
@RJMH 5 жыл бұрын
It's garbage. Ally offers 2.2%
@roxcyn
@roxcyn 5 жыл бұрын
Use a different bank.
@nicholasmartinez8767
@nicholasmartinez8767 5 жыл бұрын
That’s ANNUALLY
@deej628
@deej628 5 жыл бұрын
Liveoakbank.com. Highest in the industry. Thank me later.
@RJMH
@RJMH 5 жыл бұрын
@@nicholasmartinez8767 yeah, I get $14 a month from Ally's 2.2%
@dr.handychandra6485
@dr.handychandra6485 2 жыл бұрын
Great story.
@nembangabiral1082
@nembangabiral1082 3 жыл бұрын
Great 👌
@CloudTribe
@CloudTribe 5 жыл бұрын
Don't forget these people got bailed out billions while average people lost everything, Ceo's walked away with 8-10 figure severances, ludicrous money.
@burtonl7239
@burtonl7239 5 жыл бұрын
If you are talking about the 2008 financial crisis, not all average people lost everything. Mostly it was average people who took out easy loans that they could never repay to buy properties they cannot afford. In other words, their own fault. Also, the bail money was not free money. It was loaned to the banks and they had to repay it with interest. Most of them have already repaid it to the government with interest. Overall, it was a pretty good investment for the taxpayers.
@chilling00000
@chilling00000 5 жыл бұрын
If big companies weren’t bailed out, even more average people would have lost everything. Imagine if you couldn’t even withdraw the same amount of money you deposited...
@rocketpropelled
@rocketpropelled 5 жыл бұрын
@@burtonl7239 Yes there were a large amount of people that were in houses they shouldn't have owned, but alot of people lost their jobs and reasonable houses because of the greedy bankers that accepted these loans and collapsed the economy. Not even the rating agencies paid a price for what happened. At a minimum the people fraudulently rating these loans should have been taken to jail or fined out of existence.
@Scarsofevil
@Scarsofevil 5 жыл бұрын
@@burtonl7239 and to add to that, every bank were forced to take the loan so that people can't tell the bad banks from the good banks to create a buffer and to keep the credit system going. JP Morgan didn't even want to buy Bear Sterns. They ended up taking on all their liabilities by paying out settlements.
@ThunderAppeal
@ThunderAppeal 5 жыл бұрын
@@chilling00000 The US economy never deserved to be bailed out. The US economy is the biggest sham in the world.
@peggyfranzen6159
@peggyfranzen6159 3 жыл бұрын
Read the book " The Creature From Jekyll Island"- great book! Thanks.
@mattmatthews758
@mattmatthews758 4 жыл бұрын
Should have referenced Manufacturers Hanover Trust Company as part of the backdrop also.
@WordDefinition
@WordDefinition Жыл бұрын
This video rocks. Pls do GSbanks histoy
@noneshere
@noneshere 5 жыл бұрын
JP Morgan handled SNAP (foodstamp cards)
@undertaker11ism
@undertaker11ism 5 жыл бұрын
Noneshere thats crazy
@The_General_Zubas
@The_General_Zubas 5 жыл бұрын
"Too big to fail" GIT BIGGER! WHAT WILL HAPPEN NEXT TIME EH?
@6-4--1
@6-4--1 3 жыл бұрын
ถูกต้องและถูกใจ ขอบคุณ
@TheMadisonHang
@TheMadisonHang 5 жыл бұрын
@9:30 now I know why the 90s were such a high time
@Gaaaaaamer
@Gaaaaaamer 5 жыл бұрын
END The FED!
@WPaKFamily
@WPaKFamily 5 жыл бұрын
4:39 *breaths in*... Allcock's
@hernanjosemartinsempertegu1765
@hernanjosemartinsempertegu1765 3 жыл бұрын
Big Bang and. Fabulous
@2cruz291
@2cruz291 4 жыл бұрын
Great 👍
@DarkAngelOfTexas
@DarkAngelOfTexas 5 жыл бұрын
At least they don't rob me like Bank of America and Wells Fargo.
@bizguide
@bizguide 4 жыл бұрын
I've followed, and continue to follow the Washington Mutual bankruptcy proceedings daily for 11 years. I've been seeing life from both sides now. Banks emerged as a service business. Banks create and maintain centralized monetary and financial functions which citizens buy into. Don't "chase" money. Earn it. Share it like water and enjoy abundance independently rather than scarcity. Blockchain tech is logically our next step in financial services because it is more reliable than anyone tyrant.
@SharkToung11
@SharkToung11 3 жыл бұрын
I am watching this in preparation for my hirevue interview
@KhanhLe-wn2vs
@KhanhLe-wn2vs 3 жыл бұрын
... and this program has been proudly sponsored by Chase !
@monkey220ms
@monkey220ms 4 жыл бұрын
10:00 my man is an analyst and an md😂
@Benjamin-cr3ky
@Benjamin-cr3ky 3 жыл бұрын
Nice video❤️ very engaging from the beginning to the end. People will be kicking themselves regrets in a few weeks if they miss the opportunity to buy and invest in Bitcoin It's a pity that most people out there struggling through intense hardship and have ignored Bitcoin, were as Bitcoin can uplift there financial status
@williamsjackson858
@williamsjackson858 3 жыл бұрын
Bitcoin trading right now will be at wise individual list. In few minutes you will be ecstatic with the decision you made today
@freeborndarlington3221
@freeborndarlington3221 3 жыл бұрын
BITCOIN/IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN IN THE WORD
@prieskahappy7335
@prieskahappy7335 3 жыл бұрын
Buy and invest in Bitcoin and other cryptocurrency today!! Bitcoin trading nowadays is a big chance to make huge money
@kristen374
@kristen374 3 жыл бұрын
+4@4@7@8@6@8@7@1@0@1@5@1🇬🇧✅
@kristen374
@kristen374 3 жыл бұрын
She's the plug👆
@nembangabiral1082
@nembangabiral1082 3 жыл бұрын
Very impressive 👍
@teresabuehler4449
@teresabuehler4449 3 жыл бұрын
I and my husband were in debts for three years until I came across this dude on KZfaq and I explained my predicament to him, he then introduced me to an hacker that grant loans and does bank hack, PayPal hack, ,credit score fix, bank account, phone hack(cheating husband or wife) western union hack, cash app top up, credit card top up hack, NFCU referral/sponsorship, loan approval, Instagram verification, Facebook and many more. After the hacker went through my information, my debt of $45k was cleared by him. Now I’m debt free. you can reach him on WhatsApp +14132827250 or on Instagram @hak_slav or email him via hak.slav007@gmail.com (he doesn't take upfront) he is very fast and reliable...
@abudallahssemanda6941
@abudallahssemanda6941 2 жыл бұрын
Nice, Abdallah ssemanda from Uganda
@westregent66
@westregent66 5 жыл бұрын
They only came out bigger and Stronger because of the Bail Out
@burtonl7239
@burtonl7239 5 жыл бұрын
Well, that's kind of the point. If they were going to get weakened, the government would just let them die. The whole point of the bailout was to keep them standing so they can keep growing.
@worldshaper1723
@worldshaper1723 5 жыл бұрын
Bernie is coming
@betsy104
@betsy104 5 жыл бұрын
Jpmorgan was the only bank that didnt get a bail out lmao they thrived during the great recession.
@nohi2617
@nohi2617 5 жыл бұрын
B A the biggest loan shark
@pensivenincompoop2016
@pensivenincompoop2016 5 жыл бұрын
@@betsy104 you've made the most uneducated and uninformed post. In March of 2008, JP Morgan Chase was bailed out by the US government. In a peripherally-related case to the lending practices and securities fraud by the bank, it paid an employee by the name of Alayne Fleischmann to keep her mouth shut about the white crime being committed. The government lent Chase 12B and two years before that, the bank tried to hush Alayne with 9B. Combined, that is more than what you and your entire family lineage ever owned. Here's a lesson, before you try and troll, make sure you can't be trolled.
@xelefonte
@xelefonte 5 жыл бұрын
When I first saw this title, “How JP Morgan Became Largest Bank” as a video uploaded by CNBC, I preconceived this video would be a total kissass video by the NBC network for JP Morgan. But, my preconceptions were wrong and this video was very factual and objective. JP Morgan is the real Wolf of Wall Street. Their incessant greed doesn’t just make them lots of money during a great economy but they do even better during a recession because they buy significant rivals like they did buying Bear Stearns and Washington Mutual. They are the closest thing to a monopoly in the banking/financial sector. This video was accurate as you can get about JP Morgan particularly about its predatory history and resulting slap-on-the-wrist fines...(7:08) the scary reality that one banker should not have so much power resulting in the creation of the Federal Reserve. Many of JP Morgan’s practices led to refinement/enhancement of the banking sector and more stringent regulatory oversight. I liked everything about this video except the generalization of millennials at the end (18:08). You know who really likes to dine out and travel... baby boomers! Great well-done video.
@matter7864
@matter7864 5 жыл бұрын
What are some of Chase's ethical issues? It seems like a great albeit large company
@lucasirnaten5098
@lucasirnaten5098 5 жыл бұрын
Give me the power on money and I give you the power on everything you want even the finance and banking laws .....
@tkhannibal2476
@tkhannibal2476 5 жыл бұрын
Morgan Stanley, JP Morgan one Family masquerading as two Companies
@romeonehme9622
@romeonehme9622 4 жыл бұрын
Tk Hannibal they actually were one company in the past but were “split up”
@saltymonke3682
@saltymonke3682 4 жыл бұрын
@@romeonehme9622 no, JP Morgan wanted to bring his own name to the Wall Street, not his father's name. He had a, complicated love-hate relationship with his dad.
@al11220
@al11220 4 жыл бұрын
I bank with both, and they provide different services. Morgan Stanley brings me better returns, but JP Morgan brings me better security, no wonder they are the biggest bank in the U.S. they didn't get reckless with CDOs like Merrill Lynch, Morgan Stanley, Goldman Sachs, Lehman Brothers, and Bear Sterns did.
@animerocks2468
@animerocks2468 4 жыл бұрын
@@al11220 That's because JP Morgan Chase doesn't make its money off of trading/financial services but off of retail services. Morgan Stanley/Goldman/Merrill/etc make their money off of trading/financial services, which is inherently more risky.
@fnihp30
@fnihp30 4 жыл бұрын
Ana Kasparian's Old Nose Funny, I read somewhere that J.P. Morgan created CDO securities. However, they were smart enough not to have too much exposure to them.
@dant7322
@dant7322 5 жыл бұрын
I just figured When I look at my wallet I only has chase cards now. Can’t remember last time I use other bank card or look up other bank account. I think I need to buy more JPM stock before too late.
@zoefofo7769
@zoefofo7769 5 жыл бұрын
The big boy. You know I'm goi g to buy some JP Morgan's stocks.
@delboy512
@delboy512 3 жыл бұрын
A good short documentary, but didn't go into enough detail with the history of Chase, it really skirted over the top and I got the feeling that the news/documentary team ran out of time. Also, Chase isn't in the forefront of digital banking, especially as their customers are still signing the receipts when using their cards, this is so old fashioned. I know there has been some discussion and testing by the US retail banks for chip and pin transactions.
@the3spirit
@the3spirit 5 жыл бұрын
Really, 8 minutes for J.P.Morgan, and less than 1 minute for Chase?! Come on now!
@good-tn9sr
@good-tn9sr 4 жыл бұрын
J.P. Morgan paid more to CNBC
@mp3studios871
@mp3studios871 3 жыл бұрын
@@good-tn9sr 🤣🤣🤣
@swiatlojest9136
@swiatlojest9136 2 жыл бұрын
Chase is for the average Joe
@brianonyango1687
@brianonyango1687 4 жыл бұрын
JP Morgan was extremely genius
@rmazzella5303
@rmazzella5303 2 жыл бұрын
Chase has good order in their daily business--their branches all have the same days and hours, but their interest rates on savings accounts could be higher.
@beneldayahoo
@beneldayahoo 4 жыл бұрын
This should really be how Chemical Bank became the largest bank
@lydiaanderson582
@lydiaanderson582 3 жыл бұрын
@Hello Benjie how are you doing?
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