It was from Pecora's hearings that many of the standards and regulations affecting the financial industry emerged, and continue to govern the way the 'street' does business today. It was also the time of the Glass-Steagall Act.

The roaring twenties gave way to the Depression Era of the 1930's and still J.P. Morgan bore the standard for financial firms on Wall Street. The firm was the first one to be investigated in an attempt to discover what caused the 1929 stock market crash. In 1933, J.P.'s son 'Jack' was called before a Congressional hearing to testify on the bank's behalf. He told the Senators there "If I may be permitted to speak…I should state that at all times the idea of doing only first-class business, and that in a first-class way, has been before our minds" (The History, pg. 13).

With the enactment of the Glass-Steagall act of 1933, Morgan and other….

It also indicates that to some extent the company's strong growth between 2004-2007 was as attributable to industry-wide expansion. So while on the surface, JP Morgan's numbers look exception, they were merely just riding the wave that carried all of the industry's main players.
Likewise, the struggles of 2008 were more directly related to the industry's struggles as a whole than anything specific to JP Morgan. The trading desk lost over $10 billion, compared with a profit of $9 billion the year before. This proved to be the major difference in JP Morgan's year-over-year performance. A study of competitors would likely reveal a similar trend for last year.

The most exceptional thing about JP Morgan's financials is that the impact of absorbing Bear Stearns and ashington Mutual does not appear to have damaged the company in any way. This means that JP Morgan was able to grow substantially last year, and….

JP Morgan Chase
Role of administrative agencies

The securities and the banking system of a country are known to be one of the strongest and the most important foundations of an economy. To ensure that these systems do not move into negative or loss making territories, the government of a country requires keeping a check and control over the functions and operations of entities that are part of these securities and banking system. If the government does not ensure regulation of these systems, the entities involved in these sectors can make decisions that are only beneficial to them, while all other stakeholders are not considered in the process. Such decisions can gravely impact on the economy in general and can result in the uprising of an unwanted influence amongst the powerful entities. In the United States of America, the Securities and Exchange Commission (SEC) is required to perform the task of regulating….

The company has avoided the major scandals that have dogged many of its peers, and remains well-regarded in the industry.
Given the global nature of the industry, it is increasingly difficult for investment banks such as JP Morgan to manage human behavior. The Dow Chemical example shows the impact that communication and oversight can have. The U.S. subsidiary was forced to enforce the company's codes of behavior on a foreign subsidiary that clearly did not understand the company's mission or outlook on the issue. The Dow deal would have been sour, and could have earned the company a reputation for putting profit ahead of ethics.

The deal almost happened -- the U.S. company was only alerted to the negotiations out of England by the conflict of interest office. The organizational structure therefore played a strong role. The company is structured around business unit, not geography. This means that New York still….

However, JP Morgan's performance has been volatile in this span. Its current level of 64.9% is not its lowest, but is still lower than the 74.5% recorded by its Peer Group. For the past three years, the Peer Group has been substantially higher than JP Morgan, so this outperformance reflects less on JP Morgan's excellence than on the Peer Group's inability to maintain its performance level of four years ago.
A higher level of unused commitments to net loans is desirable. JP Morgan's ratio has declined significantly since 2007 from 2.063 to 1.257. However, JP Morgan has consistently outperformed its Peer Group in this ratio. While the Peer Group figures have not dropped as precipitously as JP Morgan's, they have been worse in each year.

The Net Non-Core Fund Dependence ratio should be lower. In this ratio, JP Morgan has underperformed the Peer Group. Its UBPR is 2.145 compared with 0.945.….

Bank of America credit is rated Baa2, compared with A2 for JP Morgan Chase. Both of these banks have similar structures and similar product lines. Bank of America is more heavily oriented towards retail, while JP Morgan Chase has a strong investment banking business. The latter factor contributes to the superior stability of JP Morgan's business.
Also contributing to the superior performance of JP Morgan is that the companies it acquired in the 2000s were much stronger than the acquisitions that Bank of America made. Merrill Lynch in particular was a difficult acquisition for Bank of America, and has set the bank's progress back. Moody's has also noted that the business models of global investment banks are inherently risky. Adverse developments, Moody's notes, "can often lead to the rapid deterioration in the creditworthiness of a given institution." The outlook for JP Morgan is also negative, though the reason cited in….

Lehman and JP Morgan, we consider a period of four months as our observation window, for the years starting in 2006 to 2009. We use the KMV definition of debt as short-term liabilities plus half long-term liabilities. The interest rate is given by the 4-mos. LIBOR or swap rates. For illustration purposes, we use 5%. The benchmark index is given by the S&P500 index. The initial asset values are given by the sum of equity market cap plus liabilities and consequently derived via the Merton call option pricing framework described previously.
The table below depicts the range of minimum and maximum values for the component variables, whereby the EW Index score is given by the weighted average of the following indicators: idiosyncratic-specific volatility, default probability (given historical equity stock prices), default probability (given option prices), default probability (given CS prices), market deviation (stock return vs. benchmark index return), country-specific risk,….

Morgan Chase and Bank One Strategic Plan and Human esources ole
Morgan Chase conducts business in two broad spheres of activity: global financial services and retail banking. J.P. Morgan looks for providing the latest training and instruction online for long-term investment of its people. It makes use of E-learning that helps cut training costs J.P. Morgan looks the potential of such strategic plans for broader business impact: tying learning to increased sales, improved employee retention, and better customer service. The importance of human resources has been a high priority in J.P. Morgan, as the management in J.P. Morgan believes that the more the employees know, the more they can accomplish (Swanson, 2001). J.P. Morgan Chase also values E-learning's ability to get across information quickly in an organization. Its recently merged bank and investment company in October introduced 14 hours of online E-business to prepare its employees to create E-business solutions for….

JPMorgan Chase, in 2012, announced one of the greatest losses through high-risk gambles in securities investments, which are an essential foundation of the U.S. economy. The incidence that occurred in the summer of 2012 resulted in an estimated of $5.8 billion loss in one of the country's biggest banks. The bank's chief investment officer, Jamie Dimon, announced the loss in May 2012. The losses, according to the CIO, resulted from part of its corporate unit that made trades to hedge against risks. The CIO used traders engaged in bad trades by using derivatives hedge against public debt. Shares of JPMorgan considerably dropped following the incident. The case of JPMorgan bank fail is an example among other similar incidences in the U.S. ecent cases include the court case against the U.S. Bancorp unit over the collapse of Peregrine in 2012. Such incidence raises questions about the role of the administrative agencies….

JPMorgan Chase, the biggest bank in the United States, incurred enormous losses in the summer of 2012 from investment decisions made by its Chief Investment Officer (CIO) worth $5.8 billion. While JP Morgan was the only major profitable bank during the recent economic downturn, the recent losses contributed to intense criticisms since its Chief Executive Officer, Jamie Dimon, opposed stricter regulation in the aftermath of the 2008 economic crisis. However, the bank attributed part of the loss to sloppy but well-intentioned business strategy for managing financial risk. The huge losses demonstrated that big banks are still unable to understand the threats or risks posed by their own speculation. JPMorgan Chase filed falsified first quarter reports to the Securities and Exchange Commission in attempts to cover the loss.
Preventing High-isk Gambles in Securities/Banking:

The Securities and Exchange Commission increasingly focused on the huge losses at JPMorgan Chase and argued that the situation provided….

It must be remembered that Morgan Stanley has always considered Sydney an excellent location form which it would be possible to tap directly into Australia's skilled and highly productive multilingual workforce, who would be capable of providing human resources, global processing, and financial services for the region. In the year 2005 Morgan Stanly employed about 140 individuals, while today it employs about 220 people, and the number is expected to rise up to 250 by the middle of the year 2008. ("Investment Success, Morgan Stanley," 2005)
It has often been said that the Morgan Stanley story has at various times been both exhilarating as well as disturbing. The Morgan Stanley has unerringly been able to follow its instincts for garnering and generating more and more profits, by delving into hitherto unexplored areas, and by venturing into more and more risky areas of operations through the years. Although it may be….

Job pplication
s noted on the JP Morgan's own website, the evolution of the credit derivatives market has shifted the entire technology agenda into the banking environment because of the creation of electronic markets. full understanding of how recent changes in technology can be related to international economics and development is thus critical to success in the field of consulting.

I believe I can offer a unique combination of technical, business, and personal skills to JP Morgan that relate directly to the interrelationship of technology, structural development, and international economics. My background in the electrical and structural aspects of engineering, my personal and social education in Europe, and my familiarity with business culture and terms would all make me a valuable asset to JP Morgan.

In September of 2002, I graduated with honors in Civil Electronic Engineering from the Free University of Brussels (V.U.B.). This background in engineering has given me an….

Annual eport
What differences, if any, do you perceive in the approach each organization presents in its annual performance? Is information and data presented clearly so that the reader can make clear inferences about how the organization performed?

I believe the two organizations, Bank of America, and JP Morgan format their annual reports to reflect the culture of the business. Bank of America, due primarily to the negative sentiments prevailing in the marketplace, structures their annual report to dispel myths regarding company performance. The tone of the report isn't overly optimistic nor is it overly pessimistic. The report reports the facts as they stand at that point in time. Conversely, JP Morgan's report is much more candid, truthful and optimistic, reflecting the company's outstanding performance. The report is filled with success stories, future growth prospects and failures along the way. JP Morgan, presents the facts clearly and in a concise manner. He….

Deficiencies in Organizational Management That esulted in the Economic Meltdown
Since the onset of the global financial crisis, everyone wanted to know what happened and what caused the entire situation. Analysts, economists and experts have all come up with many different reasons and explanations for what triggered the meltdown. To some extent many of these are intertwined and connected to another. Organizations such as Bear Sterns, Lehman Brothers, Freddie Mac and Fannie Mae were flawed at similar regions. In other words, there was a common denominator that ultimately led to the crisis for all these corporations. A fundamental error which is present in nearly all of the organizations which were directly to blame for and were directly affected is the problem of governance and management within organizations. As the companies and firms were not managed in a sustainable and healthy manner, their minor everyday errors built up and lead to the….

Financial Crimes
Knights Templar

The Order of the Knights Templar (Poor Knights of Christ and the Temple of Solomon) was founded in 1118 to protect Christians on pilgrimage to Jerusalem (Blacktorne, 2011). The Order was sanctioned by King Baldwin II of Jerusalem and he quartered the nine original knights in the old stables at the Temple of Solomon. All members had to give over all of their wealth and goods to the Order and take vows of poverty, chastity, piety, and obedience just like other monks (Langue, 2011). A majority of the members joined for life, although a select few were also allowed to join for specific duration.

The Templars' were considered the first international banking organizations. Although this wasn't there specific title they charge a fee (interest) for issuing letters of deposits (checks). Some also view them as a multinational corporation; however the banking reference seems to hold more credibility. There financial….