How JP Morgan Chase Became The Largest Bank In The US

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.
» Subscribe to CNBC: cnb.cx/Subscrib...
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Google+: cnb.cx/PlusCNBC
Follow CNBC News on Instagram: cnb.cx/Instagra...
#CNBC
How JP Morgan Chase Became The Largest Bank In The US

[@Aquamelli]

Love these 15-20 minute videos that CNBC does... keep it up!

[@vahangood5999]

Agreed!

[@adithyabhat4770]

Yes!

[@3oudayss]

I am learning english by listening to these videos :)

[@samvitsaroj4757]

Agreed!

[@mosesmsiska8095]

Me too, love love them. I'm so addicted

[@krismine99]

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

[@julianaasare3803]

Please me join the business

[@julianaasare3803]

Please help me join the business

[@jimjam8166]

How JP Morgan Chase become the largest bank Answer: JP Morgan

[@ThatThing1675]

Thats the JP Morgan part of the bank. How about the Chase bank? Ever heard of David R0ck€f€ll€r?

[@chris-dd6uq]

I love Chase

[@usahackerzoneongooglechat7158]

James Barnett Clear your worries your with the legit cyber ADMIN: trustcyber_tech on Instagram 💯

[@stephanieduncan9143]

🗣️slave owners and used slaves as collateral ✊🏽

[@GOGMusic]

Off the backs of slaves 🤬

[@the_devilboy666]

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]

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]

The Devilboy selling something to the government or getting government contracts is not capitalism. If that’s what you were implying

[@chiquita683]

Factual

[@daveslow84]

Absolute genius! Can't hate him for that! 🤔👏

[@thirddequito4571]

@@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.

[@Cian_]

I can't get enough of these videos, thanks CNBC

[@Sigrafix]

Little finger: "Chaos is a ladder.." JP Morgan Chase: "Hold my beer.."

[@nzuzongeleka6561]

Your comment, sir, is deeper than they will ever appreciate.

[@ashishpnaik3383]

@@nzuzongeleka6561 Haha true

[@Pretzulkj]

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]

Pretzul most of which was done with fake credit from European bankers utilizing fractional reserve banking. Look up Kuhn, Leob & co

[@tyk7733]

Masters of Monopoly

[@lorddoma6637]

Funny but we make them masters of monopoly.

[@IvanOfficial01]

Tyler Kirchman I just had a thought, what if the biggest bankers in the world play a game of Monopoly lol

[@inferno7181]

Monopoly can only be played with the government.

[@epicgamer8938]

What monopoly? And why is a monopolie neceseraly bad?

[@gabbar51ngh]

@@epicgamer8938 why is monopoly necessarily bad? No competition lead to raising the prices to whatever they want with no one to tackle them.

[@sanketmarutiraosonawane9519]

What a transformation of a bank from financing projects to investment banking and more.

[@cmdr1911]

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]

I love my credit union. I hate the big banks.

[@luiselias1887]

@@michelleburkholder2547 same here

[@lawrence5039]

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]

Hello please answer me

[@myyt3824]

@@michelleburkholder2547 yep! CU’s are by far the way to do.

[@Sovereign_Citizen_LEO]

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]

Hello

[@lisaprendergast9716]

I hadn’t heard the name Chrmical Bank in years. They used to be referred to on Wall Street as Comical Bank.. 1996.

[@lisaprendergast9716]

JPMorgan Chase consolidated when President Clinton removed the GS Act.

[@lisaprendergast9716]

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]

We bailed him out. We bail out all big banks since the great Market Crash.

[@deviss2544]

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

[@GuestYouTubeUser]

Chase should rename their bank to JP Morgan. It sounds more prestigious.

[@6YJI9]

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.

[@cipher-6.66]

Chase is the brand that covers retail banking. JP Morgan is the brand that covers mostly Asset-Wealth Management and Investment Banking.

[@TommyDJr45]

We need more content like this, CNBC.

[@Mike-cd4qg]

Think what you want of JPM, but they're a great company to work for.

[@imperial7873]

Mike seconded

[@fnihp30]

Mike As an employee, I would have to agree! The best bank to work for!!!!

[@wwestbrook3698]

You must be new... Had enough after 30 years. Had to fight for my benefits.

[@klad8125]

yes! i agree! 😊😊

[@anshulbhandari9870]

Take a shot every time someone say JP Morgan. Only if you want to die

[@burtonl7239]

Damn, you sure got some weak tolerance to alcohol.

[@AST4EVER]

@@burtonl7239 I can easily handle half a bottle of whiskey but not a barrell.... 🍻

[@wingmanbbc]

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]

@@wingmanbbc yeah I got my brain drained by Scientology but at least I met Tom Cruise

Do you know how JP Morgan Chase solved that problem of financial losses. What strategies did they take?? I need this information please!!

[@mzahidmzahidmzahid69]

The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

[@mzahidmzahidmzahid69]

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]

The amount of time you spend believing we can't is more than enough time to learn how you can

[@levigunther2108]

@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]

But where are the more credible source to learn about forex trading?

[@brooklynlavoie5764]

@@ayesharahman5490 Exactly.... I mean just look at the comment directly above your's! Wise comment.

[@AstonMartinStig]

Great service. Been with them for a decade now, no complaints, great service almost every time.

[@ingokramer4415]

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]

Success is about focusing Your energy on what creates results and using what you already know

[@micheleserra2881]

That feelings of being able to spend as much money on pointless stuff is the ultimate goal in life

[@christianjenssen6714]

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]

Investing in bitcoin is another way of ensuring steady cash flow, I have been earning every week for a year now.

[@oliviawalker7670]

Crypto is a digital currency and the Most profitable investment of the new century

[@DA-bm2mj]

that gray-haired lady reminds me of Bathilda Bagshot, a magical historian from the Harry Potter books

[@pagogo84]

Touché....

[@GGPWN3D]

LMAO. Yup there was definitely something weird about her...

[@camerontaylor7471]

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]

@@camerontaylor7471 All races have their body representation, which one are you?

[@dingmingzou9866]

I still remember Chase Sapphire Reserve was the hottest topic in the credit card world.

[@al11220]

It's all about that JP Morgan palladium reserve card.

[@brajeshsingh2391]

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]

Brajesh Singh Amex has always been in the credit card business, that’s one of its core products.

[@xavierrodriguez7657]

@@brajeshsingh2391 did you ckme to the US in 1870?

[@brajeshsingh2391]

@@xavierrodriguez7657 no but I am not interested in credit cards anymore.

[@Texas80]

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.

[@chaitanyaankam6936]

USA is fortunate to have such a huge bank...nice video

[@asheshshrestha]

wow CNBC it's damn good. More of these please

[@eduardgherasim2896]

Yeah good at snoozing and making JPMorgan into a hero. Sellouts

[@asishmohanty5800]

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]

I and my husband were in debts for three years until I came across this dude on KZbin 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 [phone] or on Instagram @hak_slav or email him via [e-mail] (he doesn't take upfront) he is very fast and reliable...

[@MidwestDrama]

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]

:(

[@M5Dri3rz]

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]

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.

[@MidwestDrama]

@@M5Dri3rz So just get rid of the...old blood?! ok

[@MidwestDrama]

@@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.

[@xelefonte]

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.

[@nanakuffo2]

JPMorgan is the financial father of America. Long history in the financial world.

[@lukasgamans]

as a 14 year old, this is very fascinating and im super interested

[@milesblack1830]

hah im 15

[@qxdso]

@@milesblack1830 I’m 17

[@HRUSHIKESHNIMS]

@@qxdso I'm the boss baby, born with suit straight as a banker

[@2011blueman]

We should have been breaking up the too big to fail banks, and instead they've gotten larger.

[@zaynzahir]

We need many more such videos Great work CNBC

[@babaummar4253]

Hello

[@sonyw810ii]

Excited to start my journey here from the next week!

[@mohdsuleman3370]

Hi bro so you are indian right what courese you did to land a job role in jp share your success story beo

[@sonyw810ii]

@@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 👍

[@Doggieman1111]

Great mini-documentary. Very well produced.

[@milcotto4153]

This is basically one big commercial for JP Morgan Chase. Not one negative word about them.

[@milcotto4153]

@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]

@@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]

Wow your right... 🤔

[@rnnres4749]

“The banks can’t fail because they’re not supposed to”

[@timbrown1947]

0.01 interest rate on a savings account

[@RJMH]

It's garbage. Ally offers 2.2%

[@roxcyn]

Use a different bank.

[@nicholasmartinez8767]

That’s ANNUALLY

[@deej628]

Liveoakbank.com. Highest in the industry. Thank me later.

[@RJMH]

@@nicholasmartinez8767 yeah, I get $14 a month from Ally's 2.2%

[@lorendsalazar]

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 .

[@HH-uj3hw]

It funny when she says 'finally the federal reserve was founded' as if it a goverment owned or regulated bank.

[@daud1543]

So much Ignorance when she says it.

[@AlexandertheGreat033]

Central bank is independent. Which is great. No arguing, no politics.

[@actualideas8078]

Tr 235 I hope you’re being sarcastic

[@eduardgherasim2896]

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]

@@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?

[@hanhai8515]

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]

Really 😂...lol

[@AGENTTE777]

And last Monday they did not have $4000 available in cash to withdraw at my closest branch.

[@ToddTinley]

Fractional Reserve Banking at its best!

[@Sovereign_Citizen_LEO]

There was a run on the bank that day :)

[@wholelottapain8130]

JP Morgan “Too big to fail”

[@fnihp30]

Too big & too important to the global economy to fail.

[@kevind97]

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]

probably because monopoly, they are by far the most profitable bank.

[@Eric-jb1ym]

I love these little history videos

[@RyanSmith-wo2pi]

And Z what

[@mjg239]

I closed my Chase checking account back in 2011. To have a Chase account you had to be a prostitute... in other words, you needed to have $500 Or more deposited directly into Chase the Pimp’s account monthly or keep at least $1500 in his pocket at all times or you WILL be 👋 slapped with fees. This was instituted in 2011 as a policy, and I’ve happily been banking elsewhere FOR FREE since.

[@stephaniemitchell3682]

Where?

[@mjg239]

Stephanie Mitchell Charles Schwab Bank free checking account. Been a member since 2011. They have a good mobile banking App too.

[@ZeteticPhilosopher]

Nothing’s free. While it’s possible you got a better deal, you may want to compare interest rates on your old account with your new account, and compare both of them to inflation.

[@usahackerzoneongooglechat7158]

Trustcyber_tech is straight

[@al11220]

JP Morgan Chase isn't really a bank for those in poverty, I banked with US Bank when I was poor, but when I started to become successful, Chase was for me, then I became really successful, and opened an account with JP Morgan, and they really took care of me, and even have a team managing my wealth and keeping me updated on the health of my investments.

[@zackstines]

"winning a duel against Alexander Hamilton" this dude killed off possibly one of the most important founding fathers.

[@deprogramm]

@Boy Wonder dueling was legal back then and considered fair but hamilton didn't take it seriously.

[@actualideas8078]

DeProgram he shot in the air. But also, I always knew there was some kind of connection to this and the banks of NY

[@uhadme]

The winner gets to write history

[@bruswane9771]

Wow... Gonna seriously consider buying JPM shares during the next recession/market crash...

[@andriod8014]

Marlon very odd idea, are really a trader or just a part time investor?

[@bruswane9771]

@@andriod8014 why odd? I think I'd consider myself a newbie investor... Buying for long term

[@andriod8014]

@@bruswane9771 oh so your new, makes sense.

[@AbdulSidikov]

5:16 "There was a panic or devastating crash every 10 years" So like how it is now?

[@danielmethner6847]

87, 92, 97, 2001, 2008. Sounds more like every 5 years to me...

[@habibbialikafe339]

@@danielmethner6847 there was no recession in 97 or 87 and I see u conviently left out the current 10 year bull run

[@MirzaAhmed89]

1873, 1884, 1893

[@Jazz-gb9lp]

Daniel Methner let's add 2020 to that

[@acommentator69]

@@Jazz-gb9lp lol already gone

[@tkhannibal2476]

Morgan Stanley, JP Morgan one Family masquerading as two Companies

[@romeonehme9622]

Tk Hannibal they actually were one company in the past but were “split up”

[@saltymonke3682]

@@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]

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]

@@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]

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.

[@ThaddeusWoloszyk]

it's was interesting information about largest bank in our country!!!

[@TZarKar]

Nun from the conjuring is here.

[@Rach09_]

u r bad hehehe

[@williamenzor6392]

I always love to watch inspiring companies like this

[@saltaquatic]

Very informative! Great mini documentary!

[@exzisd]

Would love a feature length doc on JP Morgan taking more time to go into the nitty gritty details.

[@Gaaaaaamer]

END The FED!

[@HadjaHeatherBarry]

I used to invest to Merryl Linch inAtlanta,but I am just with JPMorgan and Goldman Sacks.Thanks Everyone !

[@cnewt00]

I like their logo. It’s pretty

[@bizguide]

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.

[@zanda143]

2:00 this lady scared me

[@brianonyango1687]

CNBC am proud of you from Africa u guys are doing well to you viewers much love from Kenya

[@noneshere]

JP Morgan handled SNAP (foodstamp cards)

[@undertaker11ism]

Noneshere thats crazy

[@KhanhLe-wn2vs]

... and this program has been proudly sponsored by Chase !

[@Skeithyy]

Bernie doesn't seemed to have aged in the last 20-30 years. His enthusiasm for socialistic policies seems to give him eternal....I can't say youth but it seems to have kept away the grim reaper.

[@aliqazilbash5231]

awesome! how do i go about making a withdrawal, because i need to. thank you

[@rlsjunior797]

Apparently by selling drugs....one of the ships they own was just found with over $1 billion worth of coke on board.

[@oldmanflappynuts2694]

Source, please.

[@rlsjunior797]

There’s many sources google it and pick one.

[@rlsjunior797]

Personally I saw it on Forbes but cbs, people, and many others have articles on it.

[@AlexandertheGreat033]

Ronald Stonecipher and you really believe that JP Morgan and Mr. a Dimon were involved in that??? Like really?? Do you believe everything the news says. He’s a huge trump support, ding ding, of course news articles are going to be negative forwards him. You people do not get it. It’s sad! I pray.

[@sakethmanda9590]

It's not their boat. They lease the boat out for shipping. They don't know what's on it.

[@Eric-jb1ym]

18:18 that tip is outrageous

[@aliancemd]

The video tries to present banks as heroes...

[@akashrajkishore]

Because he saved the economy. Literally.

[@inter5123]

Lilian just found the person that keeps all their money under their mattress

[@jamieofarrell9140]

@@inter5123 I'm sorry what, they're not heroes they crashed the economy by creating cdos and overspending, goldman then shorted the bubble it had created too recover the money and went to the government because it was Tbtf banks are well known for scamming their clients, selling terrible deals then betting against them, and you thought a bank was just the place you store your money

[@scottmuller4440]

😳😳

[@3883melange]

So incredible!!

[@the3spirit]

Really, 8 minutes for J.P.Morgan, and less than 1 minute for Chase?! Come on now!

[@good-tn9sr]

J.P. Morgan paid more to CNBC

[@mp3studios871]

@@good-tn9sr 🤣🤣🤣

[@swiatlojest9136]

Chase is for the average Joe

[@dr.justusaluka4229]

great work done inspiring

[@brianonyango1687]

JP Morgan was extremely genius

[@beneldayahoo]

This should really be how Chemical Bank became the largest bank

[@lydiaanderson582]

@Hello Benjie how are you doing?

[@thedollbabys1073]

I demand a mention of SONJA TREMONT MORGAN and the iconic line 'you dont touch the Morgan letters!" #RHONY

[@naftaliben-yehuda3972]

Fantastic video.

[@Y_Canada]

Of course JP Morgan is #1 now after the Wells Fargo scandal.

[@klad8125]

wells has never been the number one bank...

[@delboy512]

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.

[@randommechwarrior2611]

You can apparently get big by caring about money, not about the customer. When I contested a charge for the first time I can recall in more than 15 years with Chase, they found in favor of the business even with no supporting evidence that I could see. When I asked their representative 'If you were on my end of this call, would you feel you were treated fairly?' He could not answer yes.

[@frederickjonesel1942]

This is a great documentary. Nicely done.

[@theodorepatel514]

I love how everyone in the comment section is hating on jp morgen company when jp morhan was one of thos company's who is responsible for millions of jobs..

[@TENNSUMITSUMA]

it says at 1:32 that jp morgan was born in 1837, yet the building at 0:39 says it was founded in 1799?! how does that work?! ( O_O ) ! *BACK TO THE FUTURE! WE'RE GOIN BACK!*

[@The_General_Zubas]

"Too big to fail" GIT BIGGER! WHAT WILL HAPPEN NEXT TIME EH?

[@liveonce6612]

The #1 Bank for Business

[@SentMyOwnWay]

At least they don't rob me like Bank of America and Wells Fargo.

[@rmazzella5303]

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.

[@TimothyLeow]

“Chase Bank screwed me over” -You screwed yourself over by trusting a bank and not building a residual income for yourself. Take responsibility for your life and stop blaming everyone.

[@jusrarsh4109]

I love JPMorgan Chase stocks. Excellent dividends every quarter. I love them. They Pay me.

[@ionelmasca2791]

Nobody cares bout ur dividends or my dividends. The ppl which the big bucks in the banking system don t even care bout their dividends. They care bout their stock price more than ever.

[@ankitrai96]

Chinese Banks are probably grinning after watching this.

[@undertaker11ism]

Ankit Rai lmao

[@undertaker11ism]

Ryan Nil the chinese are 20 years ahead of the US in general

[@LMays-cu2hp]

Thank you for sharing.

[@vernefits1953]

Carlito's way: 'He Is the JP Morgan of smack right here.'

[@yuvrajtoor6270]

Very informative

[@WPaKFamily]

4:39 *breaths in*... Allcock's

[@actualideas8078]

4:35 did the Europeans have money to invest? Or was it just fractional reserve banking?

[@peggyfranzen6159]

Read the book " The Creature From Jekyll Island"- great book! Thanks.

[@isaacorellana1754]

very informative ty

[@AdamWestish]

why, when business people say "innovation," does it always mean that someone is going to lose out, or the environment or nature will lose out... "innovating" housing developments, "innovating" the steel and electrical markets, "innovating" banking & financial products, "innovating" your private data with Facebook, "innovating" with tax cuts... etc...

[@NoNo-qj3ef]

Adam Prall that’s the ugly part of innovation and the good side of innovation made your comment

[@RudiLV]

13:30 What is happening to his Left eye?

[@andytan911]

Why they never mentioned the Rockefeller?

[@Violet-tb8xo]

they did

[@redbrixanimations]

JPM is my bank 👍

[@subzeroarctics1299]

"You think millennials wake up and say 'Oh, we want to do business with a big institution, a big bank?" Uhhh, guess I'm the only one? Yeah, the bank with the most assets, last one to fold in a downturn. Great track record. Seems like the obvious choice.

[@dr.handychandra6485]

Great story.

[@Benjamin-cr3ky]

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]

Bitcoin trading right now will be at wise individual list. In few minutes you will be ecstatic with the decision you made today

[@freeborndarlington3221]

BITCOIN/IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN IN THE WORD

[@prieskahappy7335]

Buy and invest in Bitcoin and other cryptocurrency today!! Bitcoin trading nowadays is a big chance to make huge money

[@kristen374]

+4@4@7@8@6@8@7@1@0@1@5@1🇬🇧✅

[@kristen374]

She's the plug👆

[@vahanbabayan9412]

The bank analyst of the video mentioned that J.P. Morgan changed its religion when it merged with the bank of Chase. However, based on the history of the J.P. Morgan bank, I understood one thing, that they have never changed their religion and made others be developed and became a part of J.P. Morgan. This bank is the one which is over Goldman Sachs, one of the influential banks of the US and the whole world. For succeeding, banks' leaders need to guess future conditions, and most probably, this bank has fortune teller employees.

[@maxfastest]

Nope, they just rigged the system in their favor