Complaint History & Business Rating for JP Morgan Chase & Co. (Headquarters)

270 Park Ave Fl 12, New York, New York, 10017-7924, United States.

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JP Morgan Chase & Co. (Headquarters)’s Complaint History (6):

5 claims are currently posted for public review and comment :

    • Claim
    • Seeking:

    My Claim vs. Jp Morgan Chase Bank

    • "I just feel ripped off."
    Claimant says:<p>I received a check for $2000 for the sale of used furniture.</p> <p>I went to my local Chase branch and before depositing the check I asked the teller if the check was good and she replied yes , I asked her when will the check funds of the check clear and she replied the next day. I asked her again the same question and her answer was the same.<...
    • Claim
    • Seeking:

    M.M. vs. Jpmorgan Chase & Co. World Headquarters

    • "I just feel ripped off."
    Claimant says:JPMorgan Chase & Co. World Headquarters 270 Park Ave (btwn E 47th & E 48th St) Sunday, July 24th 2016 New York, NY 10017 United States Office Fax Reference: Fraudulent Check Statement from my Granddaughter *** is as follows: ****>7/22/2016 12:40 AM Statement > I signed up for to look for babysitter/na...
    • Claim
    • Seeking:

    JP Morgan Chase Dispute

    • Bad business practices
    • Contract / Agreement dispute
    • Customer service runarounds
    • Failure to disclose facts
    Claimant says:JPMorgan Chase failed to take the necessary steps to safeguard my bank account in that it allowed an online merchant (BestChoice123) who is a known predator and one who has failed to respond to multiple Better Business Bureau (BBB) complaints, to debit my account to the tune of $1,300.00. Moreover, JPMorgan Chase made no attempt to mitigate risks,...

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Description and History

Some businesses are built on overcoming obstacles. And 'Old Livernose', as the original John Pierpoint Morgan was called, certainly knew a thing or two about overcoming obstacles. How else to explain a man with a hideous 'excrescence' of a nose who was so successful with women that he even shared a mistress with King Edward VII?

JP swashbuckled his way through the Gilded Age's financial landscape, with enormous appetites for everything. He hauled the US out of the Panic of 1907, created the world's first billion-dollar business, financed the New York Times, and was a knowledgeable collector who donated heavily to the Metropolitan Museum of Art and the American Museum of Natural History. And that ain't even the tip of the iceberg – which, incidentally, JP avoided when he didn't claim his stateroom on the ill-fated Titanic.

Today's JPMorgan Chase & Co. is far more sedate. Built from some 1,200 predecessor institutions, however, it's still a financial powerhouse. Its business interests encompass everything from credit cards and personal checking to Treasury services, wealth management and international banking, with revenues totaling more than $96 billion. It has some $2.4 trillion in assets, and it holds roughly $128 billion in credit card loans.

According to the company, “Our mission is to be the best financial services company in the world. To achieve this goal, we focus relentlessly on carrying out our business principles, which are fundamental to everything we do: Aspire to be the best, Execute superbly, Build a great team and a winning culture.”

By far the biggest challenge facing the banking industry today is the continuing fallout from the 2008 financial meltdown – regulation and fines, along with consumer resentment. JPMorgan has paid out some $27.5 billion in fines over the last couple of years, including some related to its acquisition of imploding Bear Stearns. Digital disruption is also fast becoming a serious challenge. Online sites that facilitate peer-to-peer lending and investment, for instance, are surging in popularity.

Jamie Dimon, JPMorgan's billionaire CEO, is a lot more handsome than JP, but he still swashes quite a few buckles. During the 2008 financial meltdown, he became one of the few CEOs that pretty much anyone could name. Stay tuned. Will Jamie Dimon take after JP and feature in new versions of Monopoly or Citizen Kane?

Information derived in part from and Wikipedia.

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