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JPMorgan Chase & Co. is an American multinational finance company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023. [4] [5] As the largest of Big Four banks, the firm is considered systemically important by the Financial ...
Bear Stearns' former offices at 383 Madison Avenue. Bear Stearns was founded as an equity trading house on May 1, 1923, by Joseph Ainslie Bear, Robert B. Stearns and Harold C. Mayer with $500,000 in capital (equivalent to $8,941,406 in 2023). Internal tensions quickly arose among the three founders.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world.
JPMorgan's trading business in the third quarter is on pace to be "down 1% or 2%" from the previous quarter and year-ago period while for investment banking "it's something like that."
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The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, [1] was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange suddenly fell almost 50% from its peak the previous year. The panic occurred during a time of economic recession, and ...
Wall Street's total cash bonus pool of $33.8 billion for 2023 was up slightly by $100 million from a year ago but down 21% from 2021 and 9% from 2020. "We need New York to continue to be the ...
Cover of The New York Times reporting on the Wall Street bombing. The Wall Street bombing was an act of terrorism on Wall Street at 12:01 pm on Thursday, September 16, 1920. The blast killed 30 people immediately, and another 10 later died of wounds that they sustained in the blast. There were 143 seriously injured, and the total number of ...