J.P. Morgan & Co.

The duel between Alexander Hamilton and Aaron Burr in 1804 resulted in Hamilton's death and the subsequent downfall of Burr's political career. The pistols used in the duel were equipped with a hidden mechanism called a hair trigger, potentially giving Hamilton an advantage.

The duel between Alexander Hamilton and Aaron Burr took place on July 11, 1804, in Weehawken, New Jersey, resulting in Hamilton's mortal wound and subsequent death the following morning.

J.P. Morgan, the influential American financier, was born in Hartford, Connecticut, USA.

Junius Morgan, a successful New England merchant, moved to London in 1854 to join American banker George Peabody. He eventually took over Peabody's firm and renamed it J.S. Morgan & Company, overseeing landmark transactions and becoming the most prominent American-owned merchant bank in London.

J.S. Morgan & Company raised capital for the first transatlantic cable project in 1858, revolutionizing communications between Europe and the United States. This allowed for rapid transmission of messages, leading to increased trade and the growing importance of banks.

In 1868, Anthony Drexel establishes Drexel, Harjes & Co. in Paris, JPMorgan Chase’s earliest predecessor in France. Three years later, J. Pierpont Morgan partners with Drexel to open Drexel, Morgan & Co. in New York, later renamed J.P. Morgan & Co.

Around the same time, London-based Junius introduced his son, J. Pierpont Morgan, to Philadelphia banker, Anthony Drexel. Together, they founded the wildly successful New York-based private bank, Drexel, Morgan & Company, which Pierpont later renamed J.P.Morgan.

J.P. Morgan & Co. was founded by J. P. Morgan in 1871, launching the House of Morgan on 23 Wall Street as a national purveyor of commercial, investment, and private banking services.

In 1879, J.P. Morgan assumed control of his father’s banking firm, reorganizing and renaming it to J.P. Morgan & Co. This move marked a significant step in his career, transforming the firm into a major player in American finance.

J.P. Morgan & Co. financed the formation of the United States Steel Corporation, which became the world's first billion dollar corporation by taking over the business of Andrew Carnegie and others.

J.P. Morgan played a central role in the formation of United States Steel Corporation, which became the world’s first billion-dollar corporation. The merger of several leading steel companies, including Carnegie Steel, showcased Morgan’s influence in shaping the corporate landscape of the early 20th century.

J.P. Morgan was involved in the formation of the Northern Securities Company, a holding company that controlled several major railroads, raising concerns about monopolistic control over the rail industry and leading to a high-profile antitrust lawsuit by the U.S. government.

In October 1907, J. Pierpont Morgan, through his firm JPMorgan & Company, led a team of bankers to raise capital for the failing markets, contributing large sums of his own money, and functioning as the country's de facto central bank. His impressive handling of the panic was considered the work of a bold financier who clearly understood the big picture and took decisive action.

Construction begins on a new headquarters for J.P. Morgan & Co. at 23 Wall Street in 1912. The neoclassical-style building, completed after J. Pierpont Morgan’s death, reflects the firm’s discreet business style.

J.P. Morgan dies in Rome, Italy.

In August 1914, Henry P. Davison of J.P. Morgan & Co. made a deal with the Bank of England to become the sole underwriter of war bonds for Great Britain and France, ultimately loaning about $1.5 billion to the Allies during the war.

In 1915, JPMorgan & Co arranged a $500 million loan to Britain and France, the largest foreign loan in Wall Street history at the time, and acted as a purchasing agent for the Allies, securing almost $3 billion worth of munitions and raw materials.

On September 16, 1920, an anarchist bomb exploded in front of 23 Wall Street, killing 38 and injuring 400. The perpetrators were never found despite a 20-year investigation by the FBI.

Following the 1923 Great Kantō earthquake, J.P. Morgan & Co. leads a $150 million loan, part of an ambitious reconstruction plan. It is the first dollar loan to Japan and, at the time, the largest long-term foreign loan ever placed in the American market.

On September 16, 1935, J.P. Morgan spun off its investment-banking operations, leading to the foundation of Morgan Stanley with significant initial funding from J.P. Morgan partners.

J.P. Morgan & Co. incorporates and becomes a public company, with J.P. Morgan, Jr. as the new corporation's first chairman.

In 1988, the company once again began operating exclusively as J.P. Morgan & Co. after establishing a bank holding company called J.P. Morgan & Co. Incorporated. This marked a significant return to the original brand name and identity.

In 1989, the Federal Reserve permitted J.P. Morgan to be the first commercial bank to underwrite a corporate debt offering. This marked a significant milestone in the expansion of J.P. Morgan's investment banking operations.

JPMorgan Chase has been a significant player in the finance sector since December 2000, with a substantial market cap of $529.96 billion and an annual revenue of $154.95 billion.

Chase paid over $2 billion in fines and legal settlements for their involvement in financing Enron Corporation and aiding and abetting Enron Corp.'s securities fraud, which led to Enron's collapse amid a financial scandal in 2001.

In 2004, JPMorgan Chase merged with Chicago-based Bank One Corp., bringing on board current chairman and CEO Jamie Dimon as president and COO.

On September 25, 2008, JPMorgan Chase bought most of the banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation.

On August 25, 2011, JPMorgan Chase agreed to settle fines for apparent violations of multiple sanctions programs, remitting $88,300,000 to settle potential civil liability for violations that occurred between December 15, 2005, and March 1, 2011.

On February 9, 2012, JPMorgan Chase, along with other major mortgage servicers, agreed to a historic settlement with the federal government and 49 states, providing about $26 billion in relief to distressed homeowners and in direct payments to the states and federal government. This settlement is the second largest civil settlement in U.S. history.

On September 18, 2013, JPMorgan Chase agreed to pay $920 million in fines and penalties to American and UK regulators for violations related to the trading loss. This settlement marked the third largest banking fine by US regulators and the second largest by UK authorities.

In January 2014, JPMorgan Chase agreed to pay $2.05 billion in fines and penalties to settle civil and criminal charges related to its role in the Madoff scandal. The settlement was related to Bank Secrecy Act violations and the bank's knowledge of the fraud.

In December 2016, 14 former executives of the Wendel investment company faced trial for tax fraud, with JPMorgan Chase being pursued for complicity. This legal proceeding highlighted the involvement of the bank in a significant financial case.

In December 2017, J.P. Morgan was sued by the Nigerian government for $875 million, with Nigeria alleging that the bank transferred the funds to a corrupt former minister. The lawsuit accused J.P. Morgan of being 'grossly negligent' in its financial dealings.

In February 2019, J.P. Morgan announced the launch of JPM Coin, a digital token designed for settling transactions between clients of its wholesale payments business. This marked a significant development as it became the first cryptocurrency issued by a United States bank.

On April 19, 2021, JP Morgan pledged $5 billion towards the European Super League, a controversial breakaway group of football clubs seeking to create a monopolistic structure where the founding members would be guaranteed entry to the competition in perpetuity.

On November 24, 2022, JPMorgan settled a lawsuit related to Jeffrey Epstein's sex trafficking operations, agreeing to pay $290 million. The lawsuit accused the bank of benefiting from and turning a blind eye to Epstein's illegal activities.

On May 1, 2023, JPMorgan Chase acquired 'the substantial majority of assets' and inherited the deposits of First Republic Bank. As a result of the takeover, First Republic Bank shareholders lost all their equity.

Capital One's bid for Discover, driven by Americans' reliance on credit cards, has implications for the banking and finance sector.

The J.P. Morgan and Company Building is associated with the history of J.P. Morgan Chase & Co. It has significance in the history of the company and is a part of the category of History & Society.

JPMorgan Chase's collaboration with the Federal Reserve Bank of NY to provide financial services marks a significant development in the finance industry.

The new building at 270 Park Avenue, which will be significantly taller and larger, is expected to be completed in 2025.