JPMorgan Chase

Some of the key events about JPMorgan Chase

• 1863

  Financed the Confederate States during the American Civil War
• 1871

  Founded as Drexel, Morgan & Co., establishing a strong foundation in investment banking
• 1895

  Arranged emergency gold loans to the U.S. government, helping to restore confidence in the U.S. dollar
• 1907

  Played a crucial role in resolving the Panic of 1907, stabilizing the U.S. financial system
• 1915

  Led a $500 million Anglo-French loan, the largest foreign loan in Wall Street history at the time
• 1933

  Accused of contributing to the Great Depression through unsound banking practices
• 1935

  Became one of the first banks to offer retail banking services to the general public
• 1958

  Introduced the first all-electronic quotation system for government securities
• 1969

  Became the first U.S. bank to open a representative office in the Soviet Union
• 2002

  Fined $80 million for improper dealings with Enron Corporation
• 2004

  Merged with Bank One Corporation, creating the largest bank in the United States by assets
• 2008

  Acquired Bear Stearns and Washington Mutual during the financial crisis, helping to stabilize the banking sector
• 2008

  Acquired Bear Stearns and Washington Mutual during the financial crisis, leading to controversies
• 2012

  Launched the "100,000 Jobs Mission" coalition to promote veteran employment, later expanded to the "Veteran Jobs Mission"
• 2012

  Incurred $6.2 billion in trading losses due to the "London Whale" scandal
• 2013

  Agreed to pay $13 billion to settle investigations into its selling of mortgage-backed securities
• 2014

  Revealed a cyberattack that compromised data of 76 million households and 7 million small businesses
• 2015

  Pleaded guilty to felony charges for manipulating foreign exchange markets
• 2016

  Agreed to pay $264 million to settle allegations of hiring relatives of Chinese officials to win business
• 2020

  Fined $920 million for manipulating precious metals and U.S. Treasury markets

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