Difference between revisions of "JPMorgan Chase & Co."

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JPMorgan Chase & Co. is a global financial services firm that focuses on investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.<ref>{{cite web|name="JPMorgan Chase”|url=http://investor.shareholder.com/jpmorganchase/index.cfm|org=JPMorgan Chase Investor Relations|date=February 14, 2019}}</ref>  The common stock is also listed on the London and Tokyo stock exchanges.  
 
JPMorgan Chase & Co. is a global financial services firm that focuses on investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.<ref>{{cite web|name="JPMorgan Chase”|url=http://investor.shareholder.com/jpmorganchase/index.cfm|org=JPMorgan Chase Investor Relations|date=February 14, 2019}}</ref>  The common stock is also listed on the London and Tokyo stock exchanges.  
  
== Cryptocurrency ==
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== Cryptocurrency and Blockchain ==
  
 
James Dimon, the chairman and CEO of the company, once famously called [[bitcoin]] a "fraud", but that [[blockchain]] technology held promise.  
 
James Dimon, the chairman and CEO of the company, once famously called [[bitcoin]] a "fraud", but that [[blockchain]] technology held promise.  
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In March 2019, Forbes reported that JPMorgan Chase was the only financial firm listed on the job-hunting site Indeed.com in the top ten companies posting jobs with "blockchain," "cryptocurrency," or "bitcoin" over the past year. According to the Forbes story, the main competing firms were [[IBM]], Cisco, [http://www.marketswiki.com/wiki/Accenture Accenture], EY, [http://www.marketswiki.com/wiki/KPMG_LLP KPMG], Microsoft, [[ConsenSys]], Conduent, and [http://www.marketswiki.com/wiki/Deloitte Deloitte].<ref>{{cite web|url=https://www.forbes.com/sites/michaeldelcastillo/2019/03/28/jpmorgan-is-hiring-more-blockchain-jobs-than-any-other-wall-street-firm/#15f3366668c8|name=JPMorgan Is Hiring For More Blockchain Jobs Than Any Other Wall Street Firm|org=Forbes|date=March 29, 2019}}</ref>
 
In March 2019, Forbes reported that JPMorgan Chase was the only financial firm listed on the job-hunting site Indeed.com in the top ten companies posting jobs with "blockchain," "cryptocurrency," or "bitcoin" over the past year. According to the Forbes story, the main competing firms were [[IBM]], Cisco, [http://www.marketswiki.com/wiki/Accenture Accenture], EY, [http://www.marketswiki.com/wiki/KPMG_LLP KPMG], Microsoft, [[ConsenSys]], Conduent, and [http://www.marketswiki.com/wiki/Deloitte Deloitte].<ref>{{cite web|url=https://www.forbes.com/sites/michaeldelcastillo/2019/03/28/jpmorgan-is-hiring-more-blockchain-jobs-than-any-other-wall-street-firm/#15f3366668c8|name=JPMorgan Is Hiring For More Blockchain Jobs Than Any Other Wall Street Firm|org=Forbes|date=March 29, 2019}}</ref>
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In April 2019, JPMorgan head of global clearing John Hunter said that the bank was "looking at the ability to do more at the point of settlement" with blockchain technology, specifically with the Interbank Information Network (IIN), a blockchain-based digital payments platform set up in partnership with the Australian bank ANZ bank and the Royal Bank of Canada in 2017.<ref>{{cite web|url=https://www.coindesk.com/jpmorgan-expanding-blockchain-project-with-220-banks-to-include-payments?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic|name=JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments|org=Coindesk|date=April 22, 2019}}</ref>
  
 
== Full page on MarketsWiki ==
 
== Full page on MarketsWiki ==

Revision as of 12:20, 22 April 2019


JPMorgan Chase & Co.
Jpmclogo.jpg
Founded 2004 as JPMorgan Chase & Co. (Original 1799, See main page on MarketsWiki)
Headquarters Corp HQ - New York City; Retail financial services - Chicago, IL
Key People James Dimon, Chairman and CEO
Employees 10,000 +
Products Financial services
Twitter @Chase
LinkedIn Profile
Facebook jpmorganchase
Website JPMorgan Chase & Co. Homepage

JPMorgan Chase & Co. is a global financial services firm that focuses on investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.[1] The common stock is also listed on the London and Tokyo stock exchanges.

Cryptocurrency and Blockchain

James Dimon, the chairman and CEO of the company, once famously called bitcoin a "fraud", but that blockchain technology held promise.

In February 2019 JPMorgan Chase & Co. announced that it had created its own cryptocurrency, JPM Coin, a digital token created to improve payment settlements between JPMC clients. This product will not likely be available for retail investors, so it cannot be traded like bitcoin, or similar digital assets. CNBC reported at the time of the announcement that testing for this product would begin "in a few months" from the announcement.[2][3]

In March 2019, Forbes reported that JPMorgan Chase was the only financial firm listed on the job-hunting site Indeed.com in the top ten companies posting jobs with "blockchain," "cryptocurrency," or "bitcoin" over the past year. According to the Forbes story, the main competing firms were IBM, Cisco, Accenture, EY, KPMG, Microsoft, ConsenSys, Conduent, and Deloitte.[4]

In April 2019, JPMorgan head of global clearing John Hunter said that the bank was "looking at the ability to do more at the point of settlement" with blockchain technology, specifically with the Interbank Information Network (IIN), a blockchain-based digital payments platform set up in partnership with the Australian bank ANZ bank and the Royal Bank of Canada in 2017.[5]

Full page on MarketsWiki

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References