Sunday, July 19, 2009

More on the new king of the banks...

http://tinyurl.com/nmydvv

Haraz N. Ghanbari/Associated Press

Jamie Dimon, the head of JPMorgan Chase, will hold a meeting of his board here in the nation’s capital for the first time on Monday, with a special guest expected: the White House chief of staff, Rahm Emanuel.

Mr. Emanuel’s appearance would underscore the pull of Mr. Dimon, who amid the disgrace of his industry has emerged as President Obama’s favorite banker, and in turn, the envy of his Wall Street rivals. It also reflects a good return on what Mr. Dimon has labeled his company’s “seventh line of business” — government relations.

From the JPMorgan Web site:
J.P. Morgan clients include the world's most prominent corporations, governments, wealthy individuals and institutional investors. These businesses use the J.P. Morgan brand:

* Investment Bank
* Asset Management
* Treasury Services
* Worldwide Securities Services
* Private Banking
* Private Client Services
* One Equity Partners

The U.S. consumer and commercial banking businesses serve customers under the Chase brand.

The consumer businesses include:
* Branch, ATM, telephone and online banking
* Credit card
* Small business
* Home finance and home equity loans
* Auto finance
* Education finance
* Insurance

The commercial banking businesses include:
* Middle Market
* Corporate
* Commercial Real Estate
* Business Credit
* Equipment Finance

The U.S. consumer and commercial banking businesses also serve customers under the WaMu brand.

The consumer businesses include:
* Branch, ATM, telephone and online banking
* Credit card
* Business banking
* Home finance and home equity loans

The commercial banking businesses include:
* Commercial Real Estate

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