JPMorgan Corporate Finance – Energy Investment Banking‚ Houston JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking‚ financial services for consumers‚ small business and commercial banking‚ financial transaction processing‚ asset management‚ and private equity. A component of the Dow Jones Industrial Average‚ JPMorgan Chase serves millions of consumers
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J.P. Morgan Chase Case Write-Up I. Case Summary The passing of the Financial Services Modernization Act of 1999 repealed the Glass-Steagall Act‚ and the rescinding of the 1956 Bank Holding Company Act. “The legislation spurred a flood of mergers and acquisitions” by permitting banking‚ insurance‚ and securities firms to be affiliated/associated with one another‚ as a result it became extremely profitable and advantageous for financial institutions to consolidate and diversify their holdings
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Liar’s Poker‚ written by Michael Lewis‚ is a book describing the day to day challenges and life of traders at Salomon Brothers and other such investment banks. The book starts with the description of Liar’s Poker game which is played on the trading floors of Salomon Brothers Inc. The boss‚ John Gutfreund‚ himself challenges the best player in the firm John Merriweather who also happened to be the best trader of the firm. Gutfreund proposed an offer of a single hand of Liar’s Poker worth a million
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steadily shifting as trading profits became increasingly more important to Lehman versus traditional investment banking profits. Thus‚ Glucksman was able to step into the spot light and Peterson became more expendable. Peter Peterson’s core strength at the time came from his relationships with investors‚ however‚ this appeared to be less and less important as Lehman’s core profit driver shifted from investment banking to trading. As a trader‚ Glucksman amassed a great deal of power through his rise at
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decision making of which bank is a better investment decision‚ whether it is The Commonwealth Bank or ANZ Bank. In this essay I will be talking briefly about things to think about when investing in a bank‚ environment and global factors that have or may affect the future of the banks and how the ratio’s and percentages relate to these definitions. When investing in a bank you would ensure that the bank is investing to generate further income and cash flows. As an investor in a bank‚ you would prefer that
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and the experience‚ stayed silent. The last sentence I found particularly delightful because it ties back to the very start of the article where the authors refuted the idea that no one is to blame‚ or that the fall of the bank is due only to a few “black sheep.” If Deutsche Bank falls‚ the Euro weakens‚ the German economy weakens‚ and Germany itself weakens. A weaker Euro and a weaker Germany (plus the political chaos it would cause‚ further endangering Angela Merkel’s reelection chances) would lead
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highlights of weekly M&A activity and top deal trends. Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table results. On the web‚ visit: http://www.bloomberg.com/professional/solutions/investment-banking/. Due to the dynamic nature of the Professional Service product‚ league table rankings may vary between this release and data found on the Bloomberg Professional Service. Disclaimer DATA SUBMISSIONS AND QUERIES Contact Phone Email North
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the fortune 500. Citigroup: Citigroup is a bank‚ but is ranked higher than other banks. Citigroup has the world’s largest financial services network‚ spanning 140 countries with approximately 16‚000 offices worldwide. The company currently employs approximately 260‚000 staff around the world‚ which is down from 267‚150 in 2010‚ according to Forbes. JPMorgan Chase: JPMorgan Chase is the largest bank in the United States‚ specializing in investment banking. Boeing: Boeing is an American aerospace
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will have difficulty communicating with‚ motivating and empowering employees. Thirdly‚ the ability to articulate departmental visions and strategies is an important responsibility of managing director (‘Rob Parson”‚ p 102). Coming from smaller investment banks‚ Parson kept the same work style‚ which conflicted with Morgan Stanley’s culture and norms(‘Rob Parson”‚ p 91). He will not lead a good example to employees in demonstrating Morgan Stanley’s vision and strategy. In many organizations‚ there
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interdisciplinary entity designed to serve as a link between the Investment Banking Division (IBD) and the sales and trading arms of the firm‚ Equity and Fixed Income. The organizational structure was intended to provide clients with more focused attention and service. It also was a mechanism that allowed cross-divisional and avoided feuds over how to allocate fees across different sub-units. In Paul Nasr’s opinion‚ there are a lot of investment banks that have little corporate culture and little infrastructure
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